
Understand the difference between invoices, sales receipts, bills, and statements in QuickBooks Online
by Intuit• Updated 1 month ago
This article defines an invoice, sales receipt, bill, and statement so you can properly enter these transactions in QuickBooks Online.
- An invoice informs your customers of what they owe you for work items, goods, or services.
- A sales receipt records goods or services paid for immediately at the time of purchase (sometimes referred to as a “point of sale” purchase).
- A bill is an invoice sent to you by a supplier for work items, goods, or services.
- A statement shows what a customer still owes you at a certain time. It includes a summary of all sales, credits, and payments in each line item.
You will:
- Send invoices to bill customers for work items, goods, or services.
- Send statements at regular intervals to remind customers of what they owe you.
- Create sales receipts to record payments customers made when they purchased the good or service.
Customers will:
- Send you bills to charge you what you owe for work items, goods, or services. You can record the bill payment in QuickBooks Online.
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