Account Types
I am something of value the dealership owns, examples are inventory and cash.
What is an asset?
I am a report required by the OEM?
What is a financial statement?
I am positive.
What is a debit?
I show the unreconciled balances for an account.
What is a schedule?
A way to get help in the system.
What is KB?
I am something the dealership owes, some examples are Accounts Payable and Taxes.
What is a liability?
I show the daily profit and loss at a dealership.
What is a DOC? (Daily Operating Control)
I am negative.
What is a credit?
I am what keeps the detail on a schedule.
What is a control?
To increase an asset
What is debit?
I am the cost of doing business, examples include rent and advertising.
What is an expense?
I show the dealership's current financial state and report on Assets, Liabilities, Owner's Equity.
What is a balance sheet?
I am a graphical representation of an accounting transaction.
What is a "T-account"?
The types of accounts most schedules are created for
What is an asset or liability.
I can be "pinned" to the quick panel
What is an app and/or folder?
I represent revenue for the dealership, some examples include Repair Order Sales and Parts tickets.
What is a sale account?
I show a dealership's profit or loss.
What is an Income Statement?
I represent a normal balance for Assets, Cost of Sale and Expenses.
What is a Debit?
I normally control vehicle schedules.
What is a stock number?
I am one of the most important responsibilities of the accounting office
What is cash flow?
I am an account that shows the investment in the dealership some examples are Retained Earnings and Stocks.
What is Owner's Equity?
I am a report that shows all of the accounts opening, +/-, monthly and yearly balances.
What is a Trial Balance?
I represent the typical balance for Liabilities, Owner's Equity, Income, and Sales.
I am what controls the Accounts Payable schedule.
What is a vendor?
I am the best part of Tekion.
What is a Tekionite?