Question

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.

Answer 1

The proper order to place the QBO Customer transactions is: 1) Invoice, 2) Receive payment, 3) Bank deposit.

Step-by-step explanation:

1. Invoice to record the resale of product to customer and the customer's promise to pay later.
2. Receive payment to record collection of the customer's payment.
3. Bank deposit to record the customer's payment in the bank account.