QuickBooks Field
Terminology
Accounts: Accounts are generic and include the Balance
Sheet accounts - assets (cash, equipment, receivables), liabilities
(payables, deferred income, loans), and equity - as well as
the Income Statement accounts - income and expense. These accounts
track accounting breakdown rather than jobs or departments.
Classes: Classes
are the activities, products, or departments of your organization,
but can be used for any internal structure necessary to track
costs more effectively.
Customer Job:
Is used for job costing and tracking of various locations or
sites related to a particular client.
Memo: The
memo field is meant for any notes or additional information
to help clarify entries.
