Sales
What accounting system records income when the sale is made?
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?
The icon that 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?
An accounting system in which each transaction affects at least 2 accounts?
What is the double entry accounting system?
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?
How do we enable the Purchase Order feature?
Gear, Your Company, Account and Settings, Expense tab on the left and then Turn ON Purchase Orders
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, and helps download
What is automatic Bank Feeds?
Without using a product or service account?
What is creating a Purchase Order or Sales Receipt?
When you are collecting payment at time of sale
When do you print a Sales Receipt?
Dashboard Expenses button
What is the quickest way to access Expenses?
A statement that 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 do you see in the Sales center?
Track multiple projects, locations, or members of a single customer
What is a Sub-Customer? When do we create one?
Make adjustments to inventory quantities.
What is the Inventory Qty Adjustment link?
The report that 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?