Summary
In this chapter, you have learned how to record sales transactions for the sale of products and services using a sales receipt, a deposit, and a sales invoice. You now know when to use each sales transaction and how to record them in QuickBooks Online. We have also covered the journal entry that is recorded behind the scenes by QuickBooks for each transaction. In addition, you have learned how to record customer payments so that they are correctly applied to open invoices, and how to issue credit memos and refunds to customers. In the next chapter, we will look at how to record the money that flows out of your business to cover expenses.
Learn more on Discord
To join the Discord community for this book – where you can share feedback, ask questions to the author, and learn about new releases – follow the QR code below:
https://packt.link/businesscenter
