Why are my sales receipts and sales of product income both showing up on my p&l as income

Hey there, Uva.

Welcome to the Community space. I'll be delighted to discuss with you why both sales receipts and sales of products appears on your Profit and Loss report as income.

A sales receipt is issued when your customer pays you on the spot for goods or services. Sales of product income is an account that will record all the sales of products. Both of them are money in transactions that's why it should be an income account.

For more information about money in transactions, you can read this article: MONEY IN: OVERVIEW.

I've also included an article that will help you in customizing your reports.

You can always tag my name in the comment section if you have further questions about your reports.

I appreciate your time discussing this thank you.

The problem is i need tge sales receipts to monitor what I am sellong ie liquor, or food. The sales of product income dosen't do that. Also i categorized the SR as un deposited funds, thinking that wouldn't add it to the P&L. Is there a way to change it to sometging that won't register on P&L but still seperate sales. It used to on the desktop version.

Hi Uva,

I'd like to add more details about how QuickBooks reports your sales.

You can change your accounting method of your PnL to Cash basis, so you won't see your sales receipts. This method will not show you the paid transcriptions in the PnL report.

On the other hand, if you're using the Accrual method, the report will show you all your sales whether they are paid or unpaid.

Please check out this article for additional explanation: Cash vs. accrual accounting.

You can change your method and feel free to reach out if you have additional questions.