Fichas
Chapter 6 QuickBooks Key Terms
Fichas del conjunto (12)
- 1ExpenseExpense Form can be used to record expenses that we pay for at the time we receive the product or service. Can pay using cash, credit card, or check.
- 2CheckCheck Form is used when writing a check. Used to record services purchased when the payment is made by check at the same time the purchase is made.
- 3BillBill Form is used to record services, such as utilities or accounting services. Use the bill form to record a bill received (expense) and our obligation to pay the vendor later (accounts payable).
- 4Pay BillsPay Bills Form is used to select bills we want to pay.
- 5Purchase OrderUsed to track products ordered from vendors.
- 6Vendor CreditVendor Credit Form is used when a vendor gives us a refund or reduction in the amount we owe the vendor to our bill.
- 7Credit Card CreditCredit Card Credit Form is used to record a credit or reduction in charges by the vendor, to our credit card.
- 8Vendors ListPermits us to collect and store information about a vendor such as vendor name, address, and phone number.
- 9Bill > Pay BillsUsed to record services purchased, such as utilities or legal services when the bill is paid later.
- 10Purchase Order > Bill > Pay BillsUsed to record the purchase of inventory items. The purchase order provides a record of the items ordered.
- 11Accounts PayableConsists of amounts that our business is obligated to pay in the future.
- 12IRS Form 1099Must be completed for sole proprietorships and partnerships to which we paid $600 or more for services in a year.
Información
- Descripción
- Chapter 6 QuickBooks discusses using QBO to record vendors and expense transactions like purchasing from vendors, recording expenses, and bill paying.
- Creado por
- Theresa Horstmann
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- 41
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