2020-03-15 21:21:56invoiceEnglishsales receipt in QuickBooks: Depending on when you receive the payment, there are two ways to record sales transactions in QuickBooks.https://quickbooks.intuit.com/in/resources/in_qrc/uploads/2019/10/501018-intuit-quickbooks-point-of-sale-logo.jpghttps://quickbooks.intuit.com/in/resources/invoice/sales-receipt-in-quickbooks/When to  use an invoice or a sales receipt in QuickBooks?

When to  use an invoice or a sales receipt in QuickBooks?

1 min read

Depending on when you receive the payment, there are two ways to record sales transactions in QuickBooks.

  • For a deferred payment, use Invoice and Receive Payment. Think of this as a two-part transaction. First, you create the invoice to record the sale. Later, when your customer pays, you record a payment against that invoice.
  • For an immediate payment, use Sales Receipts.

Invoices

To create an invoice:

  1. Select New.
  2. Select Invoice.
  3. Complete the fields with necessary information.
  4. Select Saveor Save and send.

To close out invoice:

  1. Select New.
  2. Select Receive Payment.
  3. Choose a customer, then select invoice/s you want to close out.
  4. Select the payment method and account where the payment will be deposited to.
  5. Select Save and close.

If you deposit a payment from the Bank Deposit screen instead of receiving payment on the invoice, the payment won’t be linked to the invoice and the it will appear as unpaid on your reports.

Sales Receipts

Here, the payment portion is part of the transaction.

To create a Sales Receipt:

With a Sales receipt, you enter the payment information at the same time you are entering the sale.

To create a Sales Receipt:

  1. Select New⨁.
  2. Select Sales Receipt.
  3. Choose the name of the customer.
  4. Enter sales information, then select Save and close.

 

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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