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QBO Chapter 3 & Key Terms

Josue Mbuyi Official Inglés 13 fichas

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  1. 1TransactionsEconomic events that affect the financial position of a business and are recorded in the accounting system.
  2. 2QBO (QuickBooks OnlineA cloud-based accounting software that helps businesses manage their finances.
  3. 3Chart of AccountsA listing of all accounts used by a business to record transactions, categorized by asset, liability, equity, revenue, and expense accounts.
  4. 4Customers ListA record of all customers, including their details, for billing and sales tracking.
  5. 5Vendors ListA compilation of all vendors/suppliers from whom the business purchases goods or services.
  6. 6Employees ListA roster of employees, used for payroll and HR purposes.
  7. 7Products and Services ListA catalog of items a business sells or services it provides, including descriptions and pricing.
  8. 8Update QBO ListsThe process of maintaining and modifying lists in QuickBooks Online to ensure accurate transaction entry.
  9. 9Onscreen FormA user interface in QBO used for entering transactions in a structured format.
  10. 10Onscreen JournalA feature in QBO allowing users to enter transactions in a journal entry format.
  11. 11Navigation BarThe menu in QBO that provides access to various features and functionalities.
  12. 12New Icon (+):A button in QBO used to create new transactions or records.
  13. 13Double-Entry AccountingAn accounting method where every transaction affects at least two accounts, ensuring the accounting equation remains balanced.

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Fichas sobre QBO Chapter 3 & Key Terms, creado por Josue Mbuyi Official el 26/10/2024.
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