Understanding QBO Inventory Management

Front

What is a reason for setting up products or services in QBO?

Back

To have a standard terminology for customers on sales forms

Front

For each item you buy or sell, indicate whether it is an inventory item or a non inventory item. Inventory??

Back

Shirts your regularly stock and sell to customers

Front

Which lists can you import into QBO plus from the import data screen? Products and services, Bills, Employees, Terms

Back

Products and services

Front

Which statement describes 1099 workers?

Back

1099 workers are independent contractors

Front

Classes

Back

Track transactions by departments in a company

Front

Match each feature or tool to its purpose. Projects

Back

Track job costs and income

Front

Match the feature 'Locations' to its purpose.

Back

Track transactions by city or region

Front

Select YES if the vendor and customer account entries must be unique: First name, Last name, Display name, Company name

Back

Display name

Front

In QBO, what is the difference in voiding and deleting a check?

Back

Voiding a check keeps it in reports but reduces its value to zero. Deleting a check removes it from reports other than the audit log.

Front

You pay a bill by using a check. You record the transactions in QBO. The check is damaged before the vendor can deposit it. You write a new check. What should you do with the original check in QBO?

Back

Void the check