Accounting Terms
Inside QuickBooks
Name that KB
General BA Knowledge
Fun with Tony
100
those are on the right, credits are on the left.
What are debits?
100
This is how to transfer funds between accounts.
What is, go to the Banking menu and click Transfer Funds?
100
This KB will help you run a report of all checks that have not cleared.
What is KB ID# SLN43854?
100
A method of calculating the value of inventory sold and the value on hand, on the basis that the first inventory items received are the first items sold.
What is FIFO?
100
The year in which Tony graduated high school
What is 2001?
200
This is known as the accounting equation.
What is Assets = Liabilities + Equity?
200
The menu you must access in order to allow purchase orders.
What are Preferences?
200
Online banking 101.
What is KB ID# INF27637?
200
This function allows you to edit fonts and colors as well as create or remove borders by selecting the field and selecting properties or double clicking on the data field.
What is the Layout Designer?
200
The Middle school where Tony ran in school suspension.
What is Heritage middle school?
300
property with a cash value that is owned by a business or individual.
What is an Asset
300
This is how you would create a sales order from an estimate.
What is click the create invoice drop-down arrow at the top of the form and then click sales order.
300
How to resolve an incorrect reconcile opening balance.
What is KB ID:SLN44131
300
This is where you would find or create reports.
What is the Report center?
300
Tony and his band appeared on this local radio program to play a few songs and talk about the local music scene in Sanford, FL
What is SBK live?
400
A summary of a company's financial status, including assets, liabilities, and equity
What is a Balance Sheet?
400
This report is also known as an income statement.
What is a Profit and Loss report?
400
The article that will help with managing a bounced check.
What is KB ID: HOW12259
400
Money owed to the owner or owners of a company
What is Equity or Owners equity?
400
Tony's favorite food of all time.
What is Grandmas Eggplant Parmesan?
500
A method in which income is recorded when it is earned and expenses are recorded when they are incurred, all independent of cash flow
What is Accrual method Accounting
500
This report shows all the bills and payments related to each vendor. If it's overdue, the aging column shows the number of days past due.
What is an Unpaid bill detail report?
500
An article that will help fix reconcile discrepancies.
What is KB ID: SLN54416?
500
The method to set the book value of unsold inventory.
What is Inventory Valuation?
500
The Department where Tony's wife works.
What is QBOA?
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