Flashcards
Quick Books Chapter 2
Flashcards do conjunto (12)
- 1QB Chart of Accountslist of accounts and numbers assigned in QB online. From the navigation bar, select Accounting, and then select Chart of Accounts
- 2Account NameIn the COA, the name column displays the name assigned to a specific account. Accounts are used to sort information in QuickBooks Online
- 3TypeQBO has categories or types of accounts. Example...checking and savings accounts are considered Bank accounts
- 4Detail Typesubcategory of "Type"
Example...Other Current Assets is a QBO account type, and accounts receivable is a "detail type" - 5QuickBooks Balancethe balance that QBO show in your accounts based on the transactions and information that is entered
- 6Bank BalanceThis feature only appears when you have accounts that are connected to a bank account. This shows the balance that the bank has for the account.
- 7Actiona drop down arrow menu that permits other actions that you can take from the Chart of Accounts screen.
Example...to view information about a specific account you can select View Register from the action column - 8Balance Sheet AccountsASSETS - Bank account, Accounts Receivable, Equipment
LIABILITIES - AP, Credit Cards payable, Loans Payable
EQUITY - Capital Investment, Retained Earnings - 9Profit and Loss AccountsINCOME - Sales, Consulting Fees, Interest Income
EXPENSES - Supplies, Rent, Utilities - 10Assetsresources that a company owns
- 11Liabilitiesamounts a company owes to others
- 12Equity Accountsrepresent the net worth of a business
Calculated as assets - liabilities
Informações
- Descrição
- Information Technology Information Systems FlashCards sobre Quick Books Chapter 2, criado por JULIE STRANGE em 16-10-2024.
- Criado por
- JULIE STRANGE
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