I have a really silly question that I hope someone can answer for me.
I understand that QuickBooks has a limitation of around 2 billion transactions (if this is wrong, feel free to correct me).
My question is, does QuickBooks define a transaction as a Purchase Order, or an Invoice, or a Cheque for example, or does it define it as a record within a Purchase Order, Invoice or Cheque?
In other words, if I have a Purchase Order with 5 line items on it and each is taxable at one level, have I created a single transaction for the Purchase Order, or 10 transactions (one for each line item).
I hope I am making myself clear. Thanks for your help.