Fichas
QBO Chapter 7 & Key Terms
Fichas del conjunto (9)
- 1InventoryGoods or products that a business purchases for resale to customers. Inventory tracking is essential for managing stock levels and financial reporting.
- 2Products and Services ListA list in QuickBooks Online where businesses can categorize their inventory items, services, and bundles for easy management and tracking.
- 3Inventory ItemsProducts that a business tracks quantities and costs for. In QBO, inventory items are automatically updated when a purchase or sale occurs.
- 4Non-Inventory ItemsItems that are purchased or sold but not tracked for quantity or cost in QBO. These items are generally for services or products that do not require inventory management.
- 5Service ItemsItems sold to customers that are not physical goods, typically representing a service (e.g., consulting, maintenance).
- 6BundlesA group of related inventory or service items sold together at a bundled price. Useful for businesses that offer package deals.
- 7Vendors Transaction: Create Purchase OrderThe process of creating a purchase order in QBO to request inventory from a supplier. It outlines the products, quantities, and agreed-upon prices.
- 8Inventory ManagementThe practice of tracking inventory levels, purchases, sales, and costs in order to ensure that stock levels are sufficient for customer demand and that financial records are accurate.
- 9Inventory Costing MethodsThe methods used to assign costs to inventory items, which can include FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost methods.
Información
- Descripción
- Fichas sobre QBO Chapter 7 & Key Terms , creado por Josue Mbuyi Official el 09/11/2024.
- Creado por
- Josue Mbuyi Official
- Visitas
- 4
- Valoración