QQuestionAnatomy and Physiology
QuestionAnatomy and Physiology
Question: Shariz needs to record receipt of a vendor invoice. Which QuickBooks function would be most useful? New invoice Process payment Add receipt Ad...
Shariz needs to record receipt of a vendor invoice.
Which QuickBooks function would be most useful?
$\square$ New invoice
$\square$ Process payment
$\square$ Add receipt
$\square$ Add bill
$\square$ New expense
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Answer
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Step 1: Identify the correct QuickBooks function to record receipt of a vendor invoice.
The task involves recording the receipt of a vendor invoice, which means that Shariz has received a bill from a vendor and will need to pay it in the future. At this point, Shariz is not processing the payment but only recording the invoice.
Step 2: Evaluate the available options in QuickBooks.
- New invoice: This option is used when creating an invoice to bill a customer. It is not applicable in this situation since Shariz is receiving a bill from a vendor, not issuing one to a customer. - Process payment: This option is used when making a payment to a vendor or a bill. Since Shariz has just received the invoice, she is not yet making a payment. - Add receipt: This option is used when recording cash or check deposits. It is not applicable in this situation since Shariz is dealing with a vendor invoice, not a deposit. - Add bill: This option is used when entering and tracking bills from vendors. It allows you to record the amount of the bill and set a due date for future payment.
Final Answer
Shariz should use the "Add bill" function in QuickBooks to record the receipt of a vendor invoice.
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