Is the Name field (Customer/Vendor) mandatory on Invoices and Bills?

The Name field, which refers to the Customer or Vendor field in QuickBooks Online, is not mandatory when creating Invoices and Bills. This means that users can create these transactions without needing to specify a customer for an invoice or a vendor for a bill. This flexibility is useful in scenarios where a user might be entering a one-off transaction that does not directly tie to a specific customer or vendor record.

For invoices, while it's common practice to associate them with a customer, there may be instances where the invoice is for a general service or a non-recurring matter that does not require a customer entry at the moment of creation. Similarly, for bills, it may be possible to record expenses without assigning them to a vendor upfront, especially if further details will be added later.

The other options incorrectly imply that the Name field is either always required or conditionally required based on the type of transaction. However, QuickBooks allows for transactions to be recorded without these designations, reflecting its versatility in handling various financial situations.