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Level 1

Hello what is the difference between a receipt and an expense. I’m not sure what to put my outgoing costs in as? Thanks

 
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QuickBooks Team

Hello what is the difference between a receipt and an expense. I’m not sure what to put my outgoing costs in as? Thanks

Hello Clairedow,

 

Thanks for your post! In QuickBooks, Sales Receipts reflect sales to your customer, and Expenses reflect your own business purchases, therefore for outgoing costs, you should use the expense transactions (+ New > Expense). Smiley Happy