38099373
Description
Flashcards by JACKSON BOEVE, updated more than 1 year ago
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Created by JACKSON BOEVE
about 2 years ago
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| Question | Answer |
| Workspace | Displays Money in and out for each QBO task |
| Invoice | A sales transaction occurs when the product or service is provided to the customer, and the customer promises to pay later. |
| Receive Payment | When a customer pays their account |
| Estimate | Estimate costs of products and services to a customer in the future. |
| Refund Receipt | When the customer receives a refund |
| Delayed Credit | Pending credit to a customer at a future date |
| Delay Charge | Pending charge to a customer for a future date. |
| Inventory | Products sold that are tracked quantities. |
| N | Products sold that are not tracked for inventory. |
| Service | Task provided to the customer. |
| Bundle | Combination of product and service sold together. |
| Accounts Receivable | Amounts that a customer owes the business. |
| Direct write-off | Recording bad debt when the customer is not going to pay. |
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