How do you record a cash payment for a product sold?

We can record the cash payment for products sold in QuickBooks Solopreneur using the Record payment option in the Invoices section, @goodasnewflips. Let's get into the details.

Beforehand, please know that if you haven't deposited the money to your bank, you can select the Cash on hand account when recording the payment. Then, if by the time you deposited the amount in your bank account and it's connected to your QuickBooks account, you can categorize it as a transfer once it reflects on the bank feeds.

Here's how to proceed with recording the cash payment:

1. Go to the Get paid menu and select Invoices.
2. Find the unpaid invoice and select Record payment.
3. From the Deposit to dropdown, select the account you put the payment into.
4. Enter the amount your customer paid in the Amount field.
5. Select the date your customer paid you in the Payment date field,
6. Click Save.

You can check out this article for reference: Record invoice payments.

If an invoice has not yet been created for the transaction, you can create one that includes all the items sold. Then, proceed with the steps above.

Also, you can pull up the Sales by Product/Service summary report from the Reports tab to track your total sales for each product or service. Includes the quantity, amount, % of sales, and average price.

Please keep us posted for clarification on recording cash payments in QuickBooks. The Community is always here to assist you.