QuickBooks® 2010 For Dummies®

Chapter 5. Reeling In the Dough

In This Chapter

• Recording and printing sales receipts

• Discovering special tips for retailers

• Fixing sales receipt mistakes

• Recording customer payments

• Correcting mistakes in recording customer payments

• Tracking customer open invoices and collections

• Assessing finance charges

You need to record the amounts that customers pay you when they fork over cash, at the time of a sale or after you invoice them. In this chapter, I describe how to record these payments and explain how to make bank deposits, track the amounts that customers owe and pay, and assess finance charges.

Note

If you've been using QuickBooks to prepare customer invoices, you're ready to begin recording payments. You'll have no problem. If you haven't been invoicing customers, you need to make sure that you have a couple of things ready to go before you can record cash sales.

First, you need to make sure that your lists are up-to-date. (I describe updating these lists in Chapter 3.) And second, if you want to print sales receipts, you need to have your printer set up to print them. You do so by choosing File

Recording a Sales Receipt

You record a sales receipt when a customer pays you in full for the goods at the point of sale. Sales receipts work similarly to regular sales (for which you first invoice a customer and then later receive payment on the invoice). In fact, the big difference between the ...