Asked by Tylour Smith on Jul 13, 2024
Verified
What are the four types of products and services QBO uses?
A) Inventory,Non-scheduled,Service,and Bundle.
B) Inventory,Non-inventory,Service,and Bundle.
C) Inventory,Non-inventory,Vendor,and Bundle.
D) Inventory,Non-inventory,Service,and Customers.
Non-Inventory
Items or services a company sells or uses in its operations that are not held in inventory, such as supplies, subscriptions, or services.
QBO
Abbreviation for QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.
- Gain a thorough understanding of inventory classification and its administration within QuickBooks Online.
- Understand the function and importance of Bundles in QuickBooks Online.
Verified Answer
SJ
Shyanna JonesJul 15, 2024
Final Answer :
B
Explanation :
Intuit QuickBooks Online (QBO) uses four types of products and services: inventory, non-inventory, service, and bundle. These are the most commonly used types of products and services in accounting, and they cover a wide range of businesses, from retail to service providers. Choice B accurately lists all four types of products and services used by QBO.
Learning Objectives
- Gain a thorough understanding of inventory classification and its administration within QuickBooks Online.
- Understand the function and importance of Bundles in QuickBooks Online.