| A | B |
|---|
| QuickBooks Pro | A software package used to record business and accounting activities |
| New Company Setup | The level of operation that creates a new company file. |
| Lists/Centers | The level of operation that records background information. |
| Activities | The level of operation where most routine work is processed. |
| Reports | The level of operation where information can be displayed and printed. |
| Ellipsis | Follows a command on a menu and means additional information must be entered in a second window called a dialog box. |
| Company Name | The name that appears in the title bar of QuickBooks Pro. The source is the Company Information window. |
| Main Menu Bar | The part of the QuickBooks Pro window where the File |
| File Name | The name indicated in the Backup and Restore windows. |
| Backup | Command used to make a copy of the original company file. |
| Vendor | Someone from whom the business buys goods or services. |
| Vendor Center | Contains a file for all vendors with whom the company does business |
| Unpaid Bills report | A report that lists all unpaid vendor bills at a specific date. |
| Credit Memo | Processed through the Enter Bills window to reflect a reduction of the vendor’s liability due to a credit for return or allowance |
| Enter Bills Window | Activity window used to record vendor bills to be paid at a later date. |
| Journal report | Activities displayed in general journal format for a specified period of time. |
| Vendor Contact List report | Report that lists all vendors from whom the company buys goods and services. |
| System Default account | A pre-identified general ledger account that will increase or decrease automatically depending on the type of transaction entered. |
| Write Checks window | Activity window used to record cash purchase of goods or services from a vendor. |
| Pay Bills window | Activity window used to pay bills previously entered in the Enter Bills window. |
| Customer Center | Contains a file for all customers with whom the company does business |
| Customer Balance Detail report | A report that displays all transactions for a customer. |
| Deposit Funds window | Window used to deposit funds collected. |
| Customer | A person or business the company provides services for or sells a product to. |
| Receive Payments window | Window used to record the payment of invoices. |
| Cash Sales | Sales where payment is received immediately. |
| Create Invoices window | Window used to record sales on account. |
| Underdeposited Funds | Collections not yet deposited in the bank. |
| Open Invoices report | A report that lists all unpaid invoices for each customer. |
| Enter Sales Receipts window | Window used to record sales for cash. |
| Adjusting Journal Entries | Recorded periodically so financial statements can be prepared according to accounting rules. |
| Balance Sheet Report | The report that shows assets |
| Chart of Accounts | The list of accounts a company uses in business. |
| Filters | The tab in the Modify Report dialog box that is used to identify fields of information to be displayed in a report. |
| General Ledger report | The report that lists the activity increases |
| Make General Journal Entries window | Similar to a manual accounting system |
| Profit & Loss report | The report that displays the revenue and expenses for a specified period of time. |
| Header/Footer | The tab in the Modify Report dialog box that is used to change the heading on a report. |
| Registers | The format is similar to that of a checkbook and can be used to view the activities for any balance sheet account. |
| Trial Balance report | A report that displays all accounts and their debit of credit balance. |
| Inventory Valuation Detail report | Report that displays all transactions affecting each inventory |
| Sales Discounts | Reduction of invoice amount due when customer pays by a specific date. |
| Enter Bills window—Items tab | Window used to record purchases and receipt of inventory items. |
| Adjust Quantity/Value on Hand activity window | Window used to adjust quantity or value of inventory as a result of damage or loss. |
| Item List | Contains a file of all inventory items. |
| Pay Sales Tax window | Window used to remit sales tax collected from customers to the appropriate state tax agency. |
| Purchases by Item Detail report | Report that displays each purchase transaction for inventory items. |
| Inventory Stock Status by Item report | Report that displays the on |
| Sales by Item Detail report | Report from the Item List that show sales information for each inventory item. |
| Sales Tax | Tax collected by a retailer from a customer on sales of goods. |
| Dimmed Account Type | The way QuickBooks Pro recognizes system default accounts. |
| Account Numbers | A feature in a company file to identify accounts; must be activated in the Preferences window. |
| Lists – Customer & Vendor | Menu choice used to customize payment terms. |
| EasyStep Interview | Window where a new company file is created. |
| Uncategorized Income | Account created by QuickBooks Pro as an offsetting amount for Accounts Receivable. |
| System Default Accounts | Accounts created by QuickBooks Pro as an offsetting amount of Accounts Payable. |
| 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 Pro as an offsetting amount of Accounts Payable. |
| Inventory Asset and Cost of Goods Sold | System default accounts QuickBooks Pro looks for when an inventory part item is set up. |
