In: Accounting
Which QBO List would be used with the following transactions?
QBO Lists
Customers List
Vendors List
Employees List
Recurring Transactions List
Transactions
1. Weekly Payroll
2. Expense
3. Credit Card Credit
4. Invoice
5. Estimate
6. Bill
7. Purchase Order
8. Pay Bills
9. Receive Payment
10. Saved Deposit Transaction
11. Sales Receipt
12. Check
Transactions QBO List
1. Weekly Payroll - Employees List
Weekly payroll will be prepared by the business to give wages to the employees.
2. Expense - Recurring Transactions List
Recurring transactions are the periodical expenses occured in the business.
3. Credit Card Credit - Customers List
Credit is given by the company to its customers.
4. Invoice - Customers List
Every business will prepare invoices ragarding the sales done by its customers.
5. Estimate - Employees List
Business will estimate the payroll to the employees periodically.
6. Bill - Vendors List
Business will receive bill from the vendors for the purchase of raw materials.
7. Purchase Order - Vendors List
Business will have to make purchase order. This order is given to the vendors.
8. Pay Bills - Vendors List
Business will have to pay off its bills, inorder to make a smooth relationship with vendors.
9. Receive Payment - Customers List
Business will receive payment from customers regarding credit sales.
10. Saved Deposit Transaction - Recurring Transactions List
Saved deposit transactions are example of recurring tramsactions. Recurring transactions are occured periodically.
11. Sales Receipt - Customers List
The business will have to make sales receipt from customers regarding the sales.
12. Check - Employees List
The business will have to check periodically the employees list.