Changing the way you learn

Question	Answer
add vendor	use navigation bar or (+) new icon
vendor credit	The Vendor Credit form is used when a vendor gives us a refund, or reduction in the amount we owe the vendor, to our bill.
credit card credit	A Credit Card Credit form is used to record a credit, or reduction in charges by the vendor, to our credit card.
purchase order	A Purchase Order is used to track products ordered from vendors.
pay bills	The Pay Bills form is used to select bills we want to pay.
bill	The Bill form is used to record services, such as utilities or accounting services. We use the Bill form to record a bill received (expense) and our obligation to pay the vendor later (accounts payable).
check	The Check form is used when we write a check. Using the Check form was covered in
expense	The Expense form can be used to record expenses that we pay for at the time we receive the product or service. We can pay using cash, credit card, or check.
vendor	any individual or organization that provides products or services to our company
accounts payable	Accounts payable consists of amounts that our business is obligated to pay in the future. When our business makes purchases on credit, our business is promising to pay that amount in the future.

CH 6 QBO vocab

	Created by Austin Egg over 1 year ago