Flashcards
QBO Chapter 5 & Key Terms
Cards in this deck (14)
- 1Sales TransactionsEvents that involve the exchange of goods or services for payment.
- 2Navigation BarA tool in the software interface that helps users move between different sections of the accounting system.
- 3New IconAn icon used to create new entries, such as customers, sales receipts, or invoices.
- 4Customers ListA database of all customers to whom services are provided or products sold.
- 5Update Customers ListThe process of adding or modifying customer information before or during transaction entry.
- 6ProjectsSpecific tasks or services that can be associated with customer transactions.
- 7Products and Services ListA catalog of items and services available for sale.
- 8InventoryGoods that are available for sale or use in providing services.
- 9Non-inventory ItemsItems that are sold but not tracked as physical stock, often used for services.
- 10ServiceA type of transaction involving the sale of intangible products, such as pet care services.
- 11BundleA grouping of multiple products or services sold together.
- 12Sales ReceiptA document that records a sale at the point of service, indicating payment has been received.
- 13Bank DepositThe process of depositing payments received from sales into a bank account.
- 14InvoiceA document requesting payment for goods or services provided, usually sent to customers after a sale.
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- Description
- Flashcards on QBO Chapter 5 & Key Terms , created by Josue Mbuyi Official on 02/11/2024.
- Created by
- Josue Mbuyi Official · Nov 2024
- Updated
- Nov 3, 2024
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