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.