Flashcards
Bus 342 Key Terms QBO Ch. 1
Cards in this deck (31)
- 1QBO SettingsCompany Settings and QBO Chart of Accounts
- 2Company SettingsSet up company and preferences
- 3QBO Chart of AccountsList of all accounts
- 4QBO TransactionsInputs into the financial system
- 5QBO ReportsOutputs of the financial system: Info for decision makers, financial statements, tax returns, and management reports.
- 6DashboardOverview and summary of key information
- 7BankingBank and credit card accounts and transactions
- 8SalesTransactions related to customers and sales (Money In)
- 9Customers and LeadsCustomer info and marketing leads
- 10Cash flowMoney in and out
- 11ExpensesTransactions related to vendors and expenses (Money Out)
- 12ProjectsOrganizes and tracks the timeline and profitability of projects
- 13PayrollEmployee transactions and payroll (Money Out)
- 14TimeTime tracking for employee and contractors
- 15ReportsSummarize output for financial system
- 16TaxesSales tax and possible payroll tax
- 17Mileagecan track mileage
- 18AccountingChart of accounts
- 19CapitalFunding through Quick Book Capital or marketplace of partner lenders
- 20CommerceConnect QBO company to sales channels
- 21AppsInfo on apps that work with QBO
- 22My AccountantConnects info to business accountant
- 23QBO ToolsGear, (+) New, Search
- 24GearLists various tasks
- 25(+) NewLists various transactions that can be created
- 26SearchCan search for amounts, dates, display names, and more
- 27QBO Help? Help
- 28Sole proprietorship1040 Schedule C
- 29Partner (LLP)1065
- 30C corporation1120
- 31LLCCan be: Sole - 1040 C, Partner - 1065, of S Corp - 1120 S
Information
- Description
- Key terms for Ch. 1 for QBO in Accounting Information Systems
- Created by
- Richard Kramer
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