DAVE
Data metrics
Analysis
Visualization
Evaluation
User interface
The user interface is the link between the user and the software. The QBO user interface includes links for software navigation.
Navigation bar
On the left side of the screen, QBO includes a Navigation bar where you access different forms or screens.
Widgets
Are an interface component that enables a user to perform a function or access a serve
Profit and loss
The profit and loss report shows money you earned (income) and money you spent (expenses) so that you can see how profitable your company is. The report shows subtotals for each income or expense account in your chart of accounts. The last line shows your net income (or loss). If you want to focus on a particular week, month, quarter or year, set the date range to that time period.
Audit Log
QuickBooks Online maintains a log of each financial transaction as it is added, changed, or deleted. The audit log serves as an audit trail that lets you see exactly what changes were made and who made them. Information includes the date, name of user, type of event, the name of the customer or vendor related to the change, and an original transaction dates and amounts. You can also select view in the history columns
Chart of accounts
A complete list of a business’s accounts and their balances. The chart of accounts includes two categories of accounts — Balance Sheet accounts and Income and Expense accounts.
Account List
The account list shows the chart of accounts. See chart of accounts.
Chart of accounts
A complete list of a business’s accounts and their balances. The chart of accounts includes two categories of accounts — Balance Sheet accounts and Income and Expense accounts.
Balance sheet accounts
The balance sheet lists what you own (assets), what your debts are (liabilities), and what you’ve invested in your company (equity).
Income and expense account
Categories of accounts for tracking how money flows in and out of your company.
1000
Assets
2000
Liabilities
3000
Equity
4000
Income
5000
Cost of sales
6000
Expenses
Income statement
In QBO, the income statement is the same as the Profit and Loss report. Refer to the glossary definition of Profit and Loss.
Generally accepted accounting principles (GAAP)
A common set of accounting principles, standards, and procedures that companies use to compile financial statements. GAAP is a combination of standards set by policy boards and the commonly accepted way of recording and reporting accounting information.
Reports are divided into three sections
Standard
Custom reports
Management reports
Trial balance
This report summarizes the debit and credit balances of each account on the chart of accounts for a period of time.
Templates
A document or transaction pattern that is stored so that it can be used again. In QBO, recurring transactions can also be set up (Gear > Recurring Transactions).
