One of the transactions that many business owners are most excited to record, is the payments they receive from their customers. When you receive the payment for an invoice, you enter the payment in the QuickBooks “Receive Payment” window. The “Receive Payment” window allows you to match up payments you receive with invoices you have created.
In previous articles we have discussed how to enter your customer’s information into the Customer Center, and also how to create Items in QuickBooks. Having created that foundation, let us now take a look at how to record sales in QuickBooks.
Step by step instructions on the correct way to pay bills in QuickBooks.
All too often QuickBooks users don't realize how much information regarding sales and cash flow can be found by properly utilizing the Customer Center.
An under utilized tool in Quickbooks is Items. Creating Items for most things your business buys and sells will increase efficiency and improve reporting. Enabling you to get a better handle on your cash flow, determine where your income comes from and where expenses are allocated. This is critical information every business owner needs to know, Items can help you AND increase your efficiency at the same time.
Developing and maintaining a proper chart of accounts for your business, is a vital way for you to track where your money is coming from, and where your money is being spent. Learn how to set it up properly.
