How do I enter total monthly sales as one large sum?

Welcome to the Community forum, thefashiongods. I'm thrilled to have you here. Allow me to provide details on how to enter total monthly sales as one in QuickBooks Online (QBO).

If you're using a separate point-of-sale system, QBO allows you to enter a single sales receipt to report the total daily sales. You can utilize this option and label it monthly sales rather than daily. This step will help you save time handling sales transactions while keeping your income reports accurate. I'll guide you through the steps below.

First, create a customer for daily sales:

1. Go to Customers.
2. Select New customer.
3. Enter "Monthly Sales".
4. Select Save.

Next, set up accounts for monthly sales:

1. Select the Gear icon on the Toolbar.
2. Under Your Company, choose Chart of Accounts.
3. Select New.
4. Refer to the screenshot below for the appropriate account details and set up these accounts:

Then, Set up a "Monthly Sales" category to keep your items organized:

1. Select the Gear icon on the Toolbar.
2. Under Lists, choose All lists.
3. Select Product Categories.
4. Select New Category.
5. Name the new category "Monthly Sales".
6. Select Save.

After setting up the Category, next are the items:

1. Select the Gear icon on the Toolbar.
2. Under Lists, choose Products and services.
3. Select New.
4. Set up these items. 
5. Ensure to select Monthly Sales as Category for each item.

Navigate through this article and refer to steps 4-6 for a complete guide: Record your total daily sales in QuickBooks Online.

Additionally, you might want to run the Sales by Product/Services Detail report if you want to view the total sales: Run Reports.

I'm only a few clicks away if you should have questions about entering total monthly sales or anything else in QBO. Take care.

Create a new sales receipt for monthly sales

1) New > Sales Receipt

2) Select Deposit to "Square POS Clearing" Other asset account

2) Select Product/Service

3) Enter the Pre-Tax amount (Make sure "Amount are" dropdown is exclusive of tax)

4) Pick Sales Tax Code

5) Double check Sales Tax in the bottom right match sales tax in Square

6) Save and close