Cash sales of products sold at a market - QBO

OliverW · ‎April 24, 2023

Hello,

I often have a table at events and markets to sell my bags of coffee. When people pay by card, the transaction goes through on Shopify POS which is my website provider and is linked to QBO.

Some people pay by cash. At the end of the day, what is the best practice to record the cash sales? Should I record the transaction in Shopify or QBO? How?

Can I create a bulk transaction, i.e. 10 items for $100, or does each cash sale need to be recorded individually?

Thanks, Oliver

Alex M · ‎April 24, 2023

Hi there OlvierW, It's important that all your transactions be correctly entered in your books so that your account totals can be accurate. QuickBooks Online is a great tool able to help you keep track of sales and expenses so you can see the profit of your company. I can point you in the right direction for assistance with how you should be keeping track of your sales.

In order to know the best way you should enter your cash sales to add them to your books and records, I recommend speaking to your accountant. They'll be able to help you formulate the most efficient way to keep track of transactions so that they are in order, as well as tell you if they can be grouped or should be kept individually. You can invite your accountant to QuickBooks Online so they can see your books by going to the My Accountant tab. You can also find an accountant near you that has experience using QuickBooks by clicking the Find a pro to help button located in that section.

If you have any other questions, feel free to reach out here.

OliverW · ‎April 25, 2023

Thanks Alex.

Alex M · ‎April 25, 2023

I'm happy to help OliverW.

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Cash sales of products sold at a market - QBO