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.
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
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 ...