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QBO Chapter 2 & Key Terms

Josue Mbuyi Official Inglés 15 fichas

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  1. 1Chart of Accounts (COA):A structured list of an organization’s accounts used for financial reporting and tracking
  2. 2QuickBooks Online (QBO):A cloud-based accounting software that helps businesses manage their finances and bookkeeping
  3. 3Tax Return PreparationThe process of preparing tax documents for submission to tax authorities, requiring accurate financial data.
  4. 4QBO RegistersDigital ledgers within QuickBooks Online where transactions for accounts are recorded and viewed.
  5. 5Account NumbersUnique identifiers assigned to each account in the Chart of Accounts to facilitate tracking and reporting.
  6. 6Import QBO Chart of AccountsThe process of bringing an existing Chart of Accounts into QuickBooks Online from another system or format.
  7. 7Aligning COA with Tax ReturnCustomizing the Chart of Accounts to ensure it meets the categorization needed for tax preparation.
  8. 8Edit QBO Chart of Accounts:The process of modifying existing accounts in QuickBooks Online, including changing names or details.
  9. 9Add QBO AccountsThe action of creating new accounts within the Chart of Accounts in QuickBooks Online.
  10. 10Add QBO SubaccountsThe process of creating subordinate accounts under a primary account in the Chart of Accounts for detailed tracking
  11. 11Inactivate QBO AccountsThe action of disabling an account in QuickBooks Online so that it is no longer active for transactions.
  12. 12Accounting EssentialsFundamental principles and practices that govern financial record-keeping and reporting.
  13. 1313. Display QBO COA Account NumbersViewing the account numbers associated with each account in the Chart of Accounts within QuickBooks Online.
  14. 14Enter QBO COA AccountInputting new account numbers for the Chart of Accounts in QuickBooks Online.
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Fichas sobre QBO Chapter 2 & Key Terms, creado por Josue Mbuyi Official el 26/10/2024.
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