Place the following QBO Customer transactions in the proper order: 1.Receive payment to record collection of the customer's payment.
2)Invoice to record the resale of product to customer and the customer's promise to pay later.
3)Bank deposit to record the customer's payment in the bank account.
A)2,1,and 3.
B)1,2,and 3.
C)3,2,and 1.
D)3,1,and 2.

Question

Quizplus · Accepted Answer

The correct order for processing customer transactions in QuickBooks Online (QBO) starts with creating an invoice (2) to bill the customer, followed by receiving payment (1) once the customer pays, and finally making a bank deposit (3) to record the payment in the bank account.

Place the Following QBO Customer Transactions in the Proper Order