Purchase Orders and Invoices in QuickBooks Online
What are Purchase Orders and Invoices in QuickBooks Online?
A) Invoices; Purchase orders
B) Purchase orders; Invoices
C) Statements; Receipts
D) Receipts; Statements
Final answer:
In QuickBooks Online, purchase orders are something that our vendors send us. Invoices are something we send our customers. Option b is correct.
Explanation:
In QuickBooks Online, Purchase orders are something that our vendors send us. On the other hand, Invoices are something we send our customers. This distinction is because a Purchase Order represents a formal request for goods or services from a vendor, hence vendors send them to us when we order something from them.
An Invoice, conversely, is a detailing of goods or services provided by us to a customer, along with costs for each, and is sent out to customers after we've provided said goods or services.
Option b is correct.