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Oct 16, 2018 12:20 AM UTC
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What is the difference between accounts receivable and sales receipts?

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Oct 16, 2018 12:20 AM UTC
When you create an invoice for a sale - you expect to get paid later - it goes into Accounts Receivable.

When you are entering the sale & receipt of money at the same time, you use a Sales Receipt.  

I hope this is helpful.

4 replies

arkvalleyinfoAuthorAnswer
Oct 16, 2018 12:20 AM UTC
When you create an invoice for a sale - you expect to get paid later - it goes into Accounts Receivable.

When you are entering the sale & receipt of money at the same time, you use a Sales Receipt.  

I hope this is helpful.
Oct 16, 2018 12:20 AM UTC
Michelle, I have observed that difference, I am wondering in terms of quickbooks reporting?