A sales receipt is used when the sale of a product or service and receipt of the customer payment take place simultaneously. For example, retail businesses such as restaurants or a clothing store will receive payment at the same time they provide their service (for example, serving food to customers) or products (for example, providing clothing items for purchase). You can record a sales receipt in QuickBooks by completing a couple of simple steps.
Follow these steps to record a sales receipt:
- From the + New menu, select Sales receipt, as indicated in the following screenshot:
- The following screenshot shows a snapshot of a completed sales receipt, along with a brief description of what to include in each field:
There are several fields of information that need to be completed on the Sales Receipt form. In the preceding screenshot, we have highlighted the fields that are mandatory.
The following is a brief description of the information...