Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowHello,
What would be more accurate? Generating invoices or sales receipt for a rental management business? Payments are due on the 1st of each month, while payments are sent around that date. Sometimes earlier and sometimes later.
Imri
What kind of rental do you offer? Property, equipment, or else?
Apartments.
Hi there, @userimripersiado.
Allow me to share more details about the difference between Invoice and Sales Receipts.
Invoices are sent to a customer to remind them that the due date is in the first week. With this, they have the option to pay it earlier before the due date. You can also let them pay an additional fee if they exceed 2 to 3 days after the due date, depends on your agreement with the lessee.
The sales receipt can be issued to a lessee if you have their actual payment.
To know more about these transactions, you may check out this article: What is the difference between an invoice, sales receipt, bill, and statement?
I've added this article you may use for your future task if you want to track your business' specific aspects: Run reports in QuickBooks Online.
Please know that you're always welcome to comment below if you have other concerns or questions. I'd be happy to answer them for you. Take care.
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.