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QBO Chapter 4 & Key Terms

Josue Mbuyi Official Inglés 12 fichas

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  1. 1Banking FunctionThe set of tools in QBO for managing business finances through checking accounts and credit cards.
  2. 2Cash FlowThe movement of money into and out of a business, critical for maintaining liquidity.
  3. 3Check RegisterA detailed record of all transactions related to a checking account, including deposits and withdrawals.
  4. 4View Check RegisterThe feature that allows users to access and review transactions recorded in the check register.
  5. 55. Check Register Drill Down:The ability to examine specific transactions within the check register for more detailed information.
  6. 6New TransactionsEntries made in the check register to reflect cash inflows (deposits) or outflows (expenses).
  7. 7Money InRefers to cash inflows, such as bank deposits.
  8. 8Bank DepositsThe process of recording cash inflows into the business’s bank accounts.
  9. 9Money OutRefers to cash outflows, including expenses and payments.
  10. 10Recording ExpensesThe process of documenting expenditures made by the business.
  11. 11Recording ChecksThe act of logging checks issued by the business as a method of payment.
  12. 12Matching TransactionsThe process of aligning QBO entries with actual bank and credit card transactions to ensure accuracy.

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Fichas sobre QBO Chapter 4 & Key Terms, creado por Josue Mbuyi Official el 02/11/2024.
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