QBO Transactions Chapter 3 Transactions

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Mind Map on QBO Transactions Chapter 3 Transactions, created by Tammy McClintock on 20/09/2025.
Tammy McClintock
Mind Map by Tammy McClintock, updated 4 months ago
Tammy McClintock
Created by Tammy McClintock 4 months ago
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Resource summary

QBO Transactions Chapter 3 Transactions
  1. OBJECTIVE: Collect information about transactions.
    1. TRANSACTIONS - Exchanges between our business and other parties.
    2. QBO Lists - Time Saving features
      1. Do not have to re-enter same information
        1. Lists Used:
          1. Chart of Accounts
            1. Customer List
              1. Vendor List
                1. Employee List
                  1. Products & Services List
        2. Transaction Groups
          1. Banking & Credit Card
            1. Customer & Sales
              1. Entering invoices; Receiving customer payments; Entering estimates; entering credit memos; entering sales receipts, entering refund receipts.
              2. Vendors & Expenses
                1. entering expenses, entering checks, entering bills, paying bills, entering purchase orders, entering vendor credits, entering credit card receips
                2. Employees & Payroll
                  1. Other
                    1. Include adjusting entries
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