Asked by Erica Cluff on May 12, 2024

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What are the two main ways to record customers and sales transactions using QBO?

A) Customer Sales using Sales Receipts and Customer Sales using Invoices.
B) Customer Sales using Credit Memos and Customer Sales using Invoices.
C) Customer Sales using Sales Receipts and Customer Sales using Payment Receipts.
D) Customer Sales using Sales Receipts and Customer Sales using Estimates.

Sales Receipts

Documents that provide detailed information about a sale transaction, including the date of sale, items sold, and amounts charged.

Customer Sales

The revenue transactions that occur from selling goods or services to customers.

Invoices

Documents issued by a seller to a buyer that detail products or services sold, including quantities and agreed prices for products or services the seller has provided.

  • Identify the correct procedures for entering sales related transactions in QBO.
  • Comprehend the differences between Sales Receipts and Invoices and their appropriate use cases in QBO.
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JD
Jalee DavisMay 13, 2024
Final Answer :
A
Explanation :
The two main ways to record customers and sales transactions in QBO are by using Sales Receipts and Invoices. Sales Receipts are used when the customer pays at the time of purchase, while Invoices are used when the customer will pay at a later date.