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Other questions
I know a way to record the tip in QuickBooks, bushma.
To start, let's add an income account to track the amount. I'll guide you how.
- Go to the Accounting menu and select Chart of Accounts.
- Select New.
- For Account Type, select Other Income.
- For Detail Type, select Other Miscellaneous Income.
- Enter a Name, like "Tip Revenue".
- Click on Save and Close.
Then, we can now create a tip item
- Go to the Gear icon and then select Products and Services.
- Select New.
- Choose Non-inventory.
- Enter a Name, like "Tips."
- For the Income account, select the account you created.
- Select Save and close.
After that, record the extra money as a tip. Here's how:
- Go to the + New menu and then select Invoice.
- Choose the Customer.
- In the Products/Services field, select the tip item you created.
- Select Save. If your credits are set up to apply automatically, you're done. Otherwise, select Receive Payment
- Choose the credit and then Save and close.
You can also add tips to the sales receipt. This ensures the amounts are properly tracked in QuickBooks.
I'm only a post away if you need more help in managing tips in QuickBooks. It's always my pleasure to help you out again.