Entered rental income under receipts, is that correct

Hi there, @nm-newbold-aussi.

There are a couple of different ways to record rental income in QuickBooks. It's either by entering the rent payment when it is received or by recording the payment against an open invoice.

If you don't send a monthly invoice to a tenant, you can enter the payment using sales receipts. If you opt to send a monthly invoice to a tenant to serve as a reminder that the rent is due, you must create an invoice first. Then, enter the payment when it's received.

For more information, read through this article: What is the difference between an invoice, sales receipt, bill, and statement?.

Please let us know if you have further questions. We'll be here to answer them for you.