Placing product orders, paying bills, and receiving products. QUESTION 17 What is NOT true regarding an invoice in QBO? An invoice is used to record sales when the customer will pay later. An invoice contains detailed information about the products and services to a customer. Invoices are only used to recognize sales to customers for products versus services. To create an invoice, use the Create (+) icon and select Invoice. Then select Customer and select vendor or Add New Customer, QUESTION 18 What is a mechanism used by a company to track amounts it owes vendors? Accounts Payable Reconciliation Report. Accounts Receivable Aging Report. Cash to Payables Reconciliation Accounts Payable Aging Report QUESTION 19 What is NOT true regarding QBO reports? QBO offers a limited number of reports to ensure its users are not overwhelmed with information they do not need. From the Navigation Bar, Dashboard can be selected which summarizes key financial information. Most QBO reports are accessed from the Navigation Bar. QBO offers numerous reports to meet the needs of a wide array of users