Flashcards
QBO Chapter 4 & Key Terms
Cards in this deck (12)
- 1Banking FunctionThe set of tools in QBO for managing business finances through checking accounts and credit cards.
- 2Cash FlowThe movement of money into and out of a business, critical for maintaining liquidity.
- 3Check RegisterA detailed record of all transactions related to a checking account, including deposits and withdrawals.
- 4View Check RegisterThe feature that allows users to access and review transactions recorded in the check register.
- 55. Check Register Drill Down:The ability to examine specific transactions within the check register for more detailed information.
- 6New TransactionsEntries made in the check register to reflect cash inflows (deposits) or outflows (expenses).
- 7Money InRefers to cash inflows, such as bank deposits.
- 8Bank DepositsThe process of recording cash inflows into the business’s bank accounts.
- 9Money OutRefers to cash outflows, including expenses and payments.
- 10Recording ExpensesThe process of documenting expenditures made by the business.
- 11Recording ChecksThe act of logging checks issued by the business as a method of payment.
- 12Matching TransactionsThe process of aligning QBO entries with actual bank and credit card transactions to ensure accuracy.
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- Flashcards on QBO Chapter 4 & Key Terms, created by Josue Mbuyi Official on 02/11/2024.
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- Josue Mbuyi Official
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