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 […]
Category Archives: Sales
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 […]
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 […]
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 […]
How do you email a packing slip from the invoice
How to enter payments received from a collections agency in QBO
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. […]
How does QuickBooks Online produce the Statement of Cash Flow Report?
Statement of cash flow is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents and break the analysis down to operating, investing and financing activities. First, the report run is based on an accrual basis accounting method in QBO. It is hard-coded so you can not […]
How to change messages greeting appear on customer invoices in new QuickBooks Online?
You can remove or make changes to messages greeting that appear on Customer Invoices in new QuickBooks Online. You will need to change company settings. From the home page screen Select the Company “Gear” (upper-right-corner) Select “Sales” Select “Messages” Select Default email message sent with sales forms. Uncheck “Use greeting” or make appropriate changes. It […]
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.