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QuickBooks 2014--Chapter 4 Terms

AB
Cash SaleCustomer pays for goods or services at the time the good or service is provided.
Credit SaleOccurs when a company provides goods and services to customers and in exchange receives a promise that the customer will pay later.
Online BillingQuickBooks has the capability to e-mail invoices to customers.
Reminder StatementsAre sent to remind customers to pay their bills.
Credit CardObtain online authorization and then download payments directly into QuickBooks.
Accounts Receivable Aging Summary ReportProvides information about the age of customer accounts.
Custoemrs With Open Invoices ReportCustomers who have an unbilled or unpaid balance.
Open Invoices ReportLists all customers with open balances.
Collections ReportLists customers with overdue account balances.


Business Teacher
Shawnee High School
Medford, NJ

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