Chapter 6: New Company Set-up Flashcards
Dimmed Account Type
The way QuickBooks recognizes system default accounts.
Account Numbers
A feature in a company file to identify accounts; must be activated on he Preferences window.
Lists - Customer & Vendor
Menu choice used to customize payment terms.
EasyStep Interview
Window where a new company file is created when using the Detailed Start method of New Company Setup.
Uncategorized Income
Account created by QuickBooks as an offsetting amount for Accounts Receivable.
System Default Accounts
Account created by QuickBooks to be used in the activities Windows and journal entries.
Edit - Preferences
Menu choice used to make account numbers active.
Customizing the Chart of Accounts List
Adding and editing account numbers and names.
Uncategorized Expenses
Accounts created by QuickBooks as an offsetting amount of Accounts Payable.
Inventory Asset and Cost of Goods Sold
System default accounts QuickBooks looks for when an inventory part items is set up.