Bookkeeping Terms & Solutions
Organizing transactions to different accounts
What is Categorization
Accepting money in
What is Accounts Receivable?
Ensuring transactions from different sources match and there are no duplicate transactions
What is Reconciliation?
Paying Bills, vendors, or other accounts
What is Accounts Payable?
This service allows customers to meet with a dedicated bookkeeper once a month
What is Full Service Bookkeeping?
A report showing how much income versus expenses were accounted for during a given period.
What is a profit and loss report?
This service primarily offers a "teach me" experience
What is Live Expert Assisted Bookkeeping
Level of QBO that has a "bulk invoicing" feature
What is QBO Advanced?
This service "bundle" includes SCU PY + LEA + BT
What is the "Tax Ready Bundle"?
Calculated report produced and then assessed for time and labor on a project against other project analytics