Asked by Erica Cluff on May 12, 2024
Verified
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.
Verified Answer
Learning Objectives
- 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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