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Flashcards

QBO Ch. 7 Key Terms Bus 342

Richard Kramer Business/Economics Inglês 11 flashcards

Flashcards do conjunto (11)

  1. 1Inventory order from vendors to customersPurchase order - Bill - Pay Bills.
    Invoice - Receive payment - Bank deposit
  2. 2Lists needed for inventory transactionsVendor, Customer, Products and Services
  3. 34 types of Products and servicesInventory, Non-inventory, Bundle, Service
  4. 4InventoryProducts that are purchase for which quantities are tracked
  5. 5Non-inventoryProducts purchased that do not need quantities tracked. ex. Office supplies
  6. 6ServiceA service that is purchase from a vendor and services sold to customers. Ex. legal services (vendor) and pet service (customer)
  7. 7BundleA collection of products and services that are sold together as a bundle
  8. 8Updating products and services listBefore and while entering transactions
  9. 9Updating the Chart of Accounts with numbersDisplay the chart of accounts then select the edit pencil next to account then add number
  10. 10Internal controlset of processes and procedures to safeguard assets and detect errors
  11. 113-way matchOrdering, receiving, and paying

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Key terms for Bus 342 QBO Ch. 7
Criado por
Richard Kramer
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