GLOSSARY

QuickBooks Online Essential Training

With Bonnie Biafore

Use these terms and definitions below to understand concepts taught in the course.

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Term Definition
User who set up a company
admin
Side of a sales transaction that gets recorded in an income account to
credit
show payment in double-entry accounting
Side of a sales transaction that tracks what a customer or vendor owes in
debit
double-entry accounting
double-entry Standard approach to organizing finances; are two sides to every
accounting transaction called debits and credits
Computer program
interface
List of items in stock
inventory
Allows user to manage personal and business finances on any device
QuickBooks Online
and without adding additional software unlike QuickBooks Desktop
Tool that helps manage a business; can be used to analyze financial
reports
performance, prepare tax returns and more
Typical site user outside of an organization like a vendor, client or
standard user customer

Person or company offering a product or service for sale

vendor

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