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Everything you need to know about banking in QuickBooks Online - Discover more
dougfarleighkitc
Level 1

When categorising bank transactions, if a customer purchases a product (a kitchen in our case) by BACS, is it a deposit or sales receipt?

 
1 REPLY 1
Rustler
Level 15

When categorising bank transactions, if a customer purchases a product (a kitchen in our case) by BACS, is it a deposit or sales receipt?

The method of payment is immaterial, BACS, cash, CC, Check, etc

 

Whether it is a deposit or not is determined by your agreement with the customer, if this is a full purchase price being paid, then it is a sale and you use an invoice or sales receipt

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