QBO
  • Abbreviation for Quickbooks Online
Quickbooks Online
  • Accounting software for businesses
  • There is also Quickbooks Desktop, but Intuit (Quickbooks' creator) is moving towards all online software.
Schedule C
  • Tax form for individuals who own their own business and are sole proprietors or anyone receiving 1099-NEC income.
  • This tax form is included with an individual's tax return (Form 1040) and is not filed separately.
W-2
  • Tax form issued by an employer
  • Employees of a company use this to file their taxes
  • Employers have until January 31st to issue a W-2 to an employee
Xero
  • Accounting software for businesses