Hi,
When I run a quickreport for a certain item, I found the total amount is doubled decreased by sales receipt and invoice, why?
Normally, I'll create Sales Receipt after we receive purchase order, then will create an Invoice once the order is ready to ship out.
Solved! Go to Solution.
Welcome to the Community, TSI2024. I'm glad to provide information about sales receipts and invoices in QuickBooks Desktop (QBDT).
The Sales Receipt and Invoice are both sales transactions, which is why there is a double decrease in the amount of inventory items on your report.
We can use the Sales Receipt if you receive full payment at the time of the sale. Meanwhile, use the Invoice to record sales transactions from customers who make no or partial payments during the sale. Thus, we'll only have to use one for each sales transaction.
If you want to maintain accurate data on your inventory items and reports, we can Void or Delete either the Sales Receipt or the Invoice. Please refer to the information I provided to determine whether to keep the transaction as a sales receipt or an invoice.
To proceed with the deletion, we can follow the steps below:
In addition, you can also review this article that can help you track your Profit and Loss in QuickBooks: Financial Reports - QuickBooks Desktop.
Don't hesitate to reply to this thread if you have additional queries regarding your inventory item and reports in QuickBooks. We're here 24/7 to assist you.
Welcome to the Community, TSI2024. I'm glad to provide information about sales receipts and invoices in QuickBooks Desktop (QBDT).
The Sales Receipt and Invoice are both sales transactions, which is why there is a double decrease in the amount of inventory items on your report.
We can use the Sales Receipt if you receive full payment at the time of the sale. Meanwhile, use the Invoice to record sales transactions from customers who make no or partial payments during the sale. Thus, we'll only have to use one for each sales transaction.
If you want to maintain accurate data on your inventory items and reports, we can Void or Delete either the Sales Receipt or the Invoice. Please refer to the information I provided to determine whether to keep the transaction as a sales receipt or an invoice.
To proceed with the deletion, we can follow the steps below:
In addition, you can also review this article that can help you track your Profit and Loss in QuickBooks: Financial Reports - QuickBooks Desktop.
Don't hesitate to reply to this thread if you have additional queries regarding your inventory item and reports in QuickBooks. We're here 24/7 to assist you.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here