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beankeeping2017
Jan 23, 2020 12:44 AM UTC
Question

Tips

Hi, I am using Quick Books Canada Accountant Online, and I have a customer who is a tattoo artist.  When his customers pay him tips on his POS machine, how do I post them to QuickBooks?  I want to post them as income clearly but seeing as they are paid to him virtually as cash, do I really need to post them to a liabilit

1 reply

AddieC
AddieC
Jan 23, 2020 2:23 PM UTC

Hi there, 

 

Being a tattoo artist must be a really exciting job! As their accountant, it's important that you're there to help him record his tips properly in QuickBooks Online. I'll point you in the right direction with this. 

 

When a customer overpays an invoice to give you a tip, you need to record the income. Here’s how: Record an invoice overpayment as a tip. As explained in this article, you'll create a non-inventory item for the tips and track the revenue to your preferred income account. You'll simply add this non-inventory item to the invoice or sales receipt, and specify the tip amount. 

 

I hope this helps. If you have any other questions, please don't hesitate to reach out to our tech support team. 

 

Cheers.

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