Chapter 2
Tracking Sales and Accounts Receivable
IN THIS CHAPTER
Managing customer records
Enabling sales tax
Creating non-inventory products and services
Creating sales transactions
Writing off bad debt
Utilizing estimates
The first three sections of this chapter cover groundwork that you need to complete before you can start recording sales transactions. I first show you how to create new customers in QuickBooks and then move onto enabling sales tax — skip this section if it doesn’t apply to you. Be sure to read the section on creating non-inventory items and services; guidance for creating and tracking inventory items is in Chapter 10. I conclude this chapter with the nuts and bolts of recording your sales in QuickBooks, writing off bad debt, and working with estimates.
Managing Customers
Customers are the lifeblood of any business, so you need to be thoroughly familiar with ...
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