Category: Sales
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How to Record Consignment Sales on Consignee’s Books in QuickBooks Online
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How to create a Sales Receipt with Sales Income and Expenses – need to set up in QBO
Example: I like to create a Sales receipt with the following distribution of Sales Income and Expense categories: Sales Income – $5,000Commission Fees – ($1,000)Merchant Fees – ($150)UPS Shipping Charges – ($550)Office Supplies – ($300) Deposit to bank account = $3,000($5000-1,000-150-550-300 = $3,000) You will need to create a Sales Receipt using the product/service items…
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Record a tip or gratuity on Sales Receipts in QuickBooks Online
You can record tips (gratuities) directly to Sales Receipt form. To enable Tips in QBO: From the homepage dashboard, click Gear icon at the top. Select Account and Settings under Your Company. Select Sales. Choose “Tips (Gratuity)” under Sales form content. “Who’s receiving these tips?” a screen will open. Select the correct account (income or…
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When you send an invoice to a customer and also carbon copy (cc) it to someone, will it show viewed if either person looks at the invoice or just the primary recipient
It will show as viewed whoever viewed it (primary or cc). If it’s viewed by both it will show as viewed twice. Viewed Status Icon: If you open sales transactions (left navigation bar > transactions > sales) under status column, it will show many have opened the invoice and viewed it. It will show one…
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How do I generate Income by Invoice report in QBO
Run Transaction Detail by Account report. Customize > Lists > Transaction Type = Invoice Distribution Account = All Income Accounts Change report title (optional) = Income by Invoice This customized report should show income by invoice. Filter for Invoices for the time period as needed. You can further customize the columns (add or remove) by…
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How to handle a partial payment when creating an invoice in QBO?
Case: A customer bought $105.00 worth of product and paid $80.00 in cash. You need to send an invoice to the customer for the balance. How would you handle this in QBO? First, create a new invoice using product/service item code for $105.00. Use deposit field to post $80.00 as the prepayment on that invoice.…
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How to record overpayment on Invoice by customer in new QuickBooks?
From the home page screen Select Create (+) sign Select “Receive Payment” under Customers heading Select “Amount Received” and enter payment amount Select Outstanding Transactions and check applicable Invoice payment If it’s over-payment, it will leave credit balance on customer’s A/R account.
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How to run customized Sales Report by Sales Rep in new QuickBooks Online?
There is no built-in business report available by Sales Rep in new QBO at this time. By using available custom field on the sales forms (invoice and sales receipt), you can easily get the information by selecting and customizing standard built-in “SALES BY CUSTOMER SUMMARY” report. This quick and easy tutorial video shows you how…
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How to run Sales Tax Liability report to get Total Sales and Taxable Sales with Tax Collected in new QuickBooks Online?
In order to get total sales and taxable sales with sales tax collected, you will need to run a “Sales by Customer Detail” report. This report will not give you all the information you need to file the Sales Tax Return. You will need to further customize it to word around. To do this, you…
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How do I add a client purchase order onto my invoice, ie how do I show this on the invoice is there a custom column?
In new QBO, they’ve up to three custom fields selections available to customize invoice layout. You can pick one field for Client Purchase Order Number. From the Home page screen Select the Company Gear (located top upper corner) Select “Company Settings” under Settings header Select “Sales” under Settings” Select “Sales Form Content” Select “Custom Fields”…