40690758
Description
Flashcards by JEFFREY EGGERSS, updated 11 days ago
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Created by JEFFREY EGGERSS
11 days ago
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| Question | Answer |
| QuickBooks Online | Cloud based financial system for entrepreneurs. QuickBooks Online refers to the QuickBooks system accessed through a web browser |
| QuickBooks Desktop | QuickBooks desktop refers to the QuickBooks software installed on the users computer |
| QBO Settings | Company Settings. Chart of Accounts. |
| Company Settings | Involve setting up a new QBO company and selecting company preferences |
| QBO Chart of Accounts | List of all accounts for a company. Set up automatically but can be modified later for specific needs. |
| QBO Transactions | involve recording transactions as input into the financial system. Banking. Customers & Sales. Vendors & Expenses. Employees and Payroll. |
| QBO Reports | Financial Statements (Balance Sheet, Profit and Loss Statement, Statement of Cash Flows). Tax Returns. Management Reports. |
| Balance Sheet | Summarizes what a company owns and owes at a particular date. |
| Profit and Loss Statement (or Income Statement) | Summarizes what a company has earned and the expenses incurred to earn the income. |
| Statement of Cash Flows | Summarizes cash inflows for operating, investing, and financing activities of a business. |
| Management Reports | For company managers and owners to use when making business decisions. |
| Dashboard | provides and overview and summary of key information for you quickbooks Online Company. |
| Banking | Banking transactions relate to Bank and Credit Card Accounts and transactions |
| Sales | sales transactions relate to customer and sales transactions (money in) |
| Customers & Leads | relates to tracking customer information and marketing ideas |
| Cash Flow | summarizes money in and out for the business |
| Expenses | Transactions relate to vendors and expenses transactions (money out) |
| Projects | A QBO feature that organizes and tracks the timeline and profitability of projects |
| Payroll | Transactions relate to employees and payroll transactions (money out) |
| Time | QBO feature for tracking time for employees and contractors |
| Reports | summarize the output of our QBO financial system |
| Taxes | relate to sales taxes and, if QuickBooks Online is used, payroll taxes |
| Mileage | A QBO feature for tracking mileage related to your business |
| Accounting | displays the Chart of Accounts |
| My Accountant | Used to connect QBO to your accountant. |
| Capital | relates to funding through the Quickbooks Capital or the QuickBooks Marketplace of partner lenders |
| Commerce | permits you to connect your QBO company to your sales channels, such as Amazon, eBay, and Shopify |
| Apps | summarizes information about apps that work with QBO, such as QuickBooks Time and Bill.com |
| Get Things Done Dashboard | displays Workspace, a flowchart of various QBO activities and how the activities are related |
| Money In | displays activities related to bringing money into a business, such as creating customer invoices and receiving customer payments |
| Money Out | displays activities related to money going out of the business, such as paying bills and managing payroll |
| Accounting and Reports | relates to business banking and reports |
| Business Overview Dashboard | graphs of useful information in managing a company |
| Profitability | graph tracks Net Profit (Net Income) over a period of time. |
| Invoices | graph shows overdue and not yet due amounts from customers. |
| Expenses | graph reflects the different categories of expenses, focusing attention on how money was spent |
| Sales | graph displays how sales vary |
| Bank Accounts | summary lists the company's Bank and Credit Card accounts including the bank balance and the QBO balance |
| (+) New | display options for entering transactions |
| Customers transactions | include create an invoice, receive payment, create an estimate, create a credit memo, and create a sales receipt |
| Vendor transactions | include create an expense, enter a check, create a bill, pay bills, create a purchase order, and create a credit card credit |
| Employees transactions | include entering payroll and time entry for tracking employee time worked |
| Other transactions | include create a bank deposit, record a bank transfer, create a journal entry, and pay down a credit card |
| search icon | The search icon is located in the upper right corner of the QBO screen. It is used to search for amounts, dates, display names, and more to locate transactions. |
| ? Help icon | In the upper right corner of the screen. Select the Assistant tab. Ways to get started include See tutorials and Talk to human. Enter a question to search. |
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