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Two apparently similar ways of posing a question always yields the same information.
QBO Transactions
Financial activities recorded in QuickBooks Online, such as sales, purchases, payments, and receipts.
QBO Reports
Financial summaries generated within QuickBooks Online, providing insights into various aspects of a business's financial performance.
LLC
An abbreviation for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Tax Purposes
The specific reasons or objectives for which tax-related decisions are made, including the filing of returns, claiming deductions, and planning strategies to minimize tax liabilities.
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