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March 5, 2022
Question

How should i enter cattle sale in qbo?

  • March 5, 2022
  • 1 reply
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1 reply

March 7, 2022

Hi roxannawhite2075,

 

Welcome to Community!  QuickBooks Online is a dynamic accounting software program for all of your business needs.  Recording the sale of your livestock can be done with confidence.  I'll be glad to show you how!

 

Initially, you'll need to set up your livestock in your inventory so you can proceed with creating the invoice.  Let's get started by creating the inventory item, here's how:

 

1. Go to Settings ⚙ in the top right and open Products and services

2. Select New

3. Choose Inventory or Non-inventory 

4. Enter a Name

5. Use the Category ▼ dropdown to choose the category that best describes your product Learn more about item categories.

6. Select the I sell this product/service to my customers checkbox. If you don't sell the item, you can leave it unchecked.

7. Give it a Description that your customers will see on their invoice

8. Enter an amount in the Sales price/rate field 

Note: If you charge a variable rate, you can leave the Sales price/rate field blank and just add the price when you fill out the invoice or sales receipt.

9. Use the ▼ dropdown to select the Income account you want to use to track the sale

10. If you need to track sales tax set a default rate from the Tax▼ dropdown

11. When finished, hit Save and close.

 

Now your ready to create the sales receipt by following these steps:

 

1. From the left menu, click + New

2. Open Sales receipt

3. Choose the customer from the Customer ▼ dropdown. Note: If you haven't set them up in QuickBooks yet, select Add a new customer.

4. Enter the required fields

5. Select line items for the products and services you sold

6. When you're done, hit Save and send to email the receipt

 

Here are a couple of helpful guides for your reference:

Add product and service items to QuickBooks Online

Create and send sales receipts in QuickBooks Online

 

Please don't hesitate to reach back out with other questions.  We'd be happy to help!