Question

QBO

What steps need to be followed to add a new product or service?

What steps need to be followed to record a new sales receipt?

What steps need to be followed to record a new invoice?

What steps need to be followed to record a new payment from a customer?

What steps need to be followed to record a new deposit to the bank?

What steps need to be followed to record a new product and adding a new service?

What is the differences between adding a new product and a sales receipt and a sales invoice?

Answer 1

What steps need to be followed to add a new product or service?

• 1.strategy
• 2. Idea generation
• idea screening
• business analysis
• development
• marketing test
• commercialization
• new product.

What steps need to be followed to record a new sales receipt?

• Entering the Description of product
• The quantity of the product.
• Entering value or Amount of the Product
• Calculating total value of the Product.
• Describing the Payment mode.

What steps need to be followed to record a new invoice?

• Invoices should include the type of work,
• the date it was finished,
• the amount paid including
• 
  
• company addresses and registration number.
• Make sure each invoice is numbered in sequential order

What steps need to be followed to record a new payment from a customer?

• Enter the customer’s name or select it from the customer list.
• Payment date – Enter the date you received the check.
• Payment method – Enter the payment method; for this example, we are using Check.
• Reference No. – Enter the check number.
• Deposit to – select the account called “Undeposited Funds”.
• Amount received – enter the amount of the check.
• Make sure that the payment is applied to the correct customer invoices. Click and unclick the boxes as needed.
• Amount to Apply – make sure that this amount equals to the amount of the check you received from your customer.

What steps need to be followed to record a new deposit to the bank?

• Select the bank account that you will deposit the check.
• Enter the date of the deposit.
• Click on the box next to the checks you will deposit from the “Select Existing Payments” section. Leave all the other information exactly as it is.
• Make sure that the total amount equals the amount that you deposited at the bank