Fichas
Key terms QBO Ch. 6 Bus 342
Fichas del conjunto (15)
- 1Ways to enter vendors and expenses transactionsNavigation bar and (+) New icon
- 2Expense formUsed to record expenses paid at the time product/service was received. Can be credit card, cash, and check.
- 3Check formUsed when a check is written for payment
- 4Bill formUsed to record services. Records the bill received and the obligation to pay later.
- 5Pay bills formUsed to select bills we want to pay
- 6Purchase order formUsed to track products ordered from vendors
- 7Vendor credit formUsed when a vendor gives a refund, or reduction in the amount owed the vendor, to the bill
- 8Credit card credit formUsed to record a credit, or reduction in charges by the vendor, to the credit card
- 9Vendors listrecords vendor information. Can be updated before or while entering transactions
- 10Who are vendorsany individual or org that provides products or services to the company
- 11Examples of vendorsSuppliers, Service companies, financial institutions, Tax agencies, and utility/telephone companies
- 12Recording vendor transactions 4 WaysExpense, Check, Bill>Pay bills, Purchase order>Bill>Pay bills
- 13Accounts payableConsists of the amounts that the business is obligated to pay in the future. On account/credit purchases
- 14AP journal transactions effectIncrease in credit when purchased, decreased in debit when paid
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Información
- Descripción
- Key terms for QBO Ch. 6 for Bus 342
- Creado por
- Richard Kramer
- Visitas
- 11
- Etiquetas
- Valoración