Sales
What accounting system records income when the sale is made?
What is Accrual based accounting
Import vendors as well as adding vendors individually
What is the Expenses center?
Assets = Liabilities + Equity
What is the basic accounting equation governing all accounting?
List of accounts for each transaction in a company's accounting system
What is the Chart of Accounts
What icon provides quick access to Your Company, Lists, Tools and Profile menus?
What is the Gear?
Excel files or CSV files
What are the only file types used to import customers?
Purchased products that don't require tracking quantities
What is a non-inventory product?
A useful tool for managing overdue invoices
What is the A/R Aging Summary report?
In a dual entry accounting system, each transaction requires at least 2 accounts from where?
What is the Chart of Accounts?
Customize Sales forms
What is going to Gear, Your Company, Account and Settings and Sales?
What account increases when you sell a product.
What is the Cost of Goods Sold account?
Enable the Purchase Order feature
What is the Gear, Your Company, Account and Settings, Expense menu path
Reports > All Reports > and Who Owes You
What is the path to access Account Receivables reports?
QuickBooks Online feature that assists with daily cash flow?
What is automatic Bank Feeds?
Without using a product or service account?
What is creating a Purchase Order or Sales Receipt?
Sales form used when you are collecting payment at time of sale
Sales Receipt?
Quickest way to access Expenses
What is the Dashboard Expenses button?
What statement reflects a business’s financial position on a stated date by listing a business’s assets, liabilities and equity
What is Balance Sheet Statement
Report that show all details of a company’s inventory
What is the Inventory Valuation Detail report?
Each customer’s balance is displayed
What is the when the Sales center?
Track multiple projects, locations, or members of a single customer?
What is setting up Sub-Customers?
Make adjustments to inventory quantities.
What is the Inventory Qty Adjustment link?
What Statement report provides the company’s net profit or loss over a specific time-period?
What is the Profit and Loss Statement.
First In First Out
What does FIFO mean?
Hold transactions that have not yet been deposited to a bank?
What is the Undeposited Funds account?