Skip to main content

SUMMER SAVINGS 90% OFF QuickBooks for 3 months* Ends 8/27

Buy now
Switch to QuickBooks and 70% off for 3 Months
Talk to Sales: 877-683-3280
Hours
Mon - Fri, 5am - 6pm PST
Sat - Sun, 7am - 4pm PST
Product support & help
Need help signing in?
whizstore_keeper
April 13, 2019
Question

Set up to record daily sales

  • April 13, 2019
  • 5 replies
  • 60 views

I am looking to set up accounts to record the daily sales figures using journal entries.  I just took over the books for this business.  None of the sales figures have been recorded from the previous bookkeeper.  There is a new POS which is not connected to Quickbooks.  All bank accounts are connected with the bank feed.  I figure if I start with the date of the new POS system I can work from there.  I found the directions for the Online version, but we use Desktop Pro.  The directions do not match what is listed in the desk top version.  Owner would like to be able to track the different payment types, sales tax, etc.   Currently has no way to track what been done.  Previous POS system has erroneous figures.  I've used QB for 10 years at another company, but never had to set anything up.  Thanks in advance!

5 replies

RenjolynC
RenjolynC
Level 9
April 13, 2019

We want to make sure your Daily Sales accounts are set up, whizstore_keeper.

 

Here are the steps:

  1. Click List located at the top.
  2. Select Chart of Accounts.
  3. Click Account located at the bottom, and select New.
  4. Choose Income for tracking daily sales and other Primary Income/Sales of Product Income.
  5. Click Continue, and enter the Account Name, Description, Note and the Tax Line Mapping.
  6. Click Save and Close.

Then, you can start using the account when you create the journal entries.

 

To view articles about recording daily sales, you can click on the Help menu in your QuickBooks Desktop.

 

If there's anything else you need help with QuickBooks, feel free to reach out to us. Thanks.

whizstore_keeperAuthor
April 16, 2019

I'm going in tonight and will see what I have set up. I basically work a couple hours a couple nights a week after my full-time job.  Thanks! Will reach out if I need more help.

JonpriL
Level 9
April 16, 2019

It's nice to see you again, @whizstore_keeper!

 

Glad that @Rustler and my colleague, @RenjolynC, were able to solve all your concerns for today.

 

If there's anything else you need, you're always welcome here in the Community to post again. We'll be always around ready to help.

Rustler
Rustler
Level 15
April 13, 2019

@whizstore_keeper 

 

Journal entries should be the exception when using QB, they often do not work as you think they should, and  when you use inventory type items they never work for inventory. It is much better to use the forms on the home page the way QB is designed to be used.    Journal entries also bypass accrual/cash reporting, and will not show on many reports.

 

And you can not use payment type in a journal entry anyway

 

this article is the "bible" of how to do store sales summary entrys

https://longforsuccess.com/daily-sales-summary-for-retailers-restaurants-ecommerce-and-more/

Need QuickBooks guidance?
Log in to access expert advice and community support instantly.
Terms & ConditionsAccessibility statement