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WorksheetsQBO Vocabulary Quiz #1
Total questions: 19
Worksheet time: 10mins
Accounts Payable:
An accounting method in which transactions are recorded at the time the transaction takes place.
The combined list of vendors and the money owed to those vendors.
The combined list of customers and the money owed from the customers.
An item owned by a company, including both inventory and non-inventory items
Accounts Receivable
An accounting method in which transactions are recorded at the time the transaction takes place.
The combined list of vendors and the money owed to those vendors.
The combined list of customers and the money owed from the customers.
An item owned by a company, including both inventory and non-inventory items.
Accrual Method
An accounting method in which transactions are recorded at the time the transaction takes place.
The combined list of vendors and the money owed to those vendors.
The combined list of customers and the money owed from the customers.
An item owned by a company, including both inventory and non-inventory items.
Asset
An accounting method in which transactions are recorded at the time the transaction takes place.
The combined list of vendors and the money owed to those vendors.
The combined list of customers and the money owed from the customers.
An item owned by a company, including both inventory and non-inventory items.
Balance Sheet
A comparison of assets versus liabilities and owner equity within a business.
The number of employee hours accrued for sick and/or vacation pay.
A document that shows money owed to a vendor.
A report view that allows one to browse through individual reports and their purposes without having to open the reports.
Banked Hours
A comparison of assets versus liabilities and owner equity within a business.
The number of employee hours accrued for sick and/or vacation pay.
A report view that allows one to browse through individual reports and their purposes without having to open the reports.
A document that shows money owed to a vendor.
Carousel View
A report view that allows one to browse through individual reports and their purposes without having to open the reports.
A document that shows money owed to a vendor.
The number of employee hours accrued for sick and/or vacation pay.
A comparison of assets versus liabilities and owner equity within a business.
Cash Method
A date, often at the end of a fiscal period, that, when set, indicates that no transactions that took place before the closing date should be altered.
An expense category that lists costs related to inventory purchases.
The area of QuickBooks to where customers can be added, edited, and made inactive.
An accounting method in which transactions are recorded when the money for those transactions is exchanged.
Closing Date
An accounting method in which transactions are recorded when the money for those transactions is exchanged.
An expense category that lists costs related to inventory purchases
The area of QuickBooks to where customers can be added, edited, and made inactive.
A date, often at the end of a fiscal period, that, when set, indicates that no transactions that took place before the closing date should be altered.
Cost of Goods Sold
The area of QuickBooks to where customers can be added, edited, and made inactive.
An expense category that lists costs related to inventory purchases.
A date, often at the end of a fiscal period, that, when set, indicates that no transactions that took place before the closing date should be altered.
An accounting method in which transactions are recorded when the money for those transactions is exchanged.
Customer Center
An expense category that lists costs related to inventory purchases.
An accounting method in which transactions are recorded when the money for those transactions is exchanged.
A date, often at the end of a fiscal period, that, when set, indicates that no transactions that took place before the closing date should be altered.
The area of QuickBooks to where customers can be added, edited, and made inactive.
Customer Credit
A transaction that can be used by a customer as a refund or partial or complete payment on an invoice.
The area of QuickBooks to where customers can be added, edited, and made inactive.
The area of QuickBooks that shows deposits and payments in a checking account.
A wizard used to set up a company.
Check Register
The area of QuickBooks that shows deposits and payments in a checking account.
A wizard used to set up a company.
An expense category that lists costs related to inventory purchases.
A transaction that can be used by a customer as a refund or partial or complete payment on an invoice.
EasyStep
A wizard used to set up a company
The area of QuickBooks that shows deposits and payments in a checking account.
The area of QuickBooks to where customers can be added, edited, and made inactive.
A date, often at the end of a fiscal period, that, when set, indicates that no transactions that took place before the closing date should be altered.
Estimate
An approximation of an order cost but does not constitute a transaction.
A wizard used to set up a company.
A transaction that can be used by a customer as a refund or partial or complete payment on an invoice.
Assets that are not meant for inventory and often depreciate over time.
Fixed Assets
Assets that are not meant for inventory and often depreciate over time.
The area of QuickBooks that shows deposits and payments in a checking account.
An approximation of an order cost but does not constitute a transaction.
The employers' federal quarterly tax return.
Form 941
The employers' federal quarterly tax return.
An approximation of an order cost but does not constitute a transaction.
Assets that are not meant for inventory and often depreciate over time.
The area of QuickBooks to where customers can be added, edited, and made inactive.
Form W-2
A form that obtains the necessary employee information for calculating payroll taxes.
A wizard used to set up a company.
The area of QuickBooks that shows deposits and payments in a checking account.
A transaction that can be used by a customer as a refund or partial or complete payment on an invoice.
GAAP Generally Accepted Accounting Principles (GAAP)
is an accounting standard that uses a numbering system to separate the different types of accounts.
A transaction that can be used by a customer as a refund or partial or complete payment on an invoice.
The area of QuickBooks that shows deposits and payments in a checking account.
A date, often at the end of a fiscal period, that, when set, indicates that no transactions that took place before the closing date should be altered.
