cancel
Showing results for 
Search instead for 
Did you mean: 
afreed4
Level 1

Cash income

My husband and I have a mobile mechanic business, and many of his customers pay in cash. Do we have to invoice these customers if they dont care to have an invoice, for it to match up to the deposit? 

How do you account for cash deposited if it doesnt match up to your invoices. Ex) We invoiced a customer $110.75 and she paid $120 and said keep the change. 

Or if making large cash deposits at the end of each week, instead of each time we invoice a customer, how do you account for that

 

Very new, any help is appreciated!!

 

 

3 Comments 3
Rustler
Level 15

Cash income

Use a sales receipt for the customer rather than an invoice.

Create a service item named tips and link it to an income account, maybe tips-income.

add that item to the invoice or sales receipt when required.
and/or on the deposit on the next line select tips-income and enter the amount

 

afreed4
Level 1

Cash income

So if I collect the cash throughout the week and only go to the bank once a week to deposit, that deposit needs to directly match up to the invoices and or sales receipts I have entered?

Adrian_A
Moderator

Cash income

I appreciate you for getting back to us, afreed4.

 

Yes. The system has to ensure that the transactions entered matched to what's recorded on your bank. If it can't find a match, it creates a new transaction record for you.

 

I've added this article that has detailed information about categorizing transactions: Categorize and match online bank transactions in QuickBooks Online.

 

I'll be around if there's anything that I can help with. Keep safe!

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us