Terms in this set (48)
A quarterly federal tax form for employers which is used to report employment taxes
A professional who keeps and/or inspects financial accounts.
The process of maintaining financial accounts.
The account type used when generating an invoice or when receiving a customer payment
A report which records a sale when an order is placed
The process which details the differences between a bank balance in an organizations bank statement and the corresponding amount in the organizations own accounting records for a specific date.
A written statement which shows the amount of money owed for goods or services.
A check that cannot be processed because the account holder has non-sufficient funds.
A report which records a sale when a payment is received.
A written order instructing a bank to pay money to a third party.
A bank account from which the account depositor can draw checks.
A QuickBooks 2017 setting that indicates the date on which the books close.
A small plastic card
Personalized spaces on form and report templates in QuickBooks 2017
A place in QuickBooks 2017 where customer information is stored and managed.
People or companies which purchase goods and services.
A small plastic card issued by a bank which allows its holder to make purchases by electronically transferring money to another bank account.
An item or expense which is subtracted from gross income to lessen the amount of income subject to income tax.
The net sum of income after taxes have been deducted. Earnings can indicate whether a business will be profitable long-term.
People who are paid on a regular basis to work for a company.
A tax levied by the United States IRS on all forms of annual earnings that make up a taxpayers taxable income. Taxpayers include individuals
General Product Knowledge
The information an individual knows about goods and services that are to be sold.
A statement of the total due for a list of goods and/or services; also known as a bill.
Any information a user inputs into a QuickBooks 2017 template
Sections for customer
A list which shows a companys employees and the sum of money they are to be paid.
Any payment related to payroll that a company owes
Payroll Setup Wizard
A wizard used to set up payrolls for employees
A manufactured substance or article that is refined for sale.
The act of buying goods or ordering services.
A place in QuickBooks 2017 where reports and report templates are stored and managed.
The exchange of a service or goods for money.
A slip of paper used by a vendor which details the information of a sale
A consumption tax on the sale of goods and services
A structured plan for completing a process with specific goals in mind.
Work done for a person or business.
Paid time allotted to an employee while they are not at work for personal reasons.
A tax levied by state governments on taxpayers income and business profits or added to the cost of some goods
A summary of account activity within a specific set of dates.
An account on which a bank can act in behalf of the account holder.
An accounting entry which affects QuickBooks accounts in any manner. This includes orders
A QuickBooks 2017 account used as a clearing account for payments that have been received but not yet deposited into the bank account.
Paid time allotted to an employee while they are not at work; often used for leisure.
An entity which accepts payments from a company. This can include payments for purchases and for liabilities.
A place in QuickBooks 2017 where vendor information is stored and managed.
A transaction in which a reversal of a payment takes place or a vendor offers a dollar amount to a company which can be used against future purchases.
An annual form that an employer sends to an employee and the IRS at the end of the year
The sequence of accounting processes that sees a piece of work from start to finish.
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