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siska72
October 8, 2021
Question

Sales for the month

  • October 8, 2021
  • 2 replies
  • 0 views

Hi I have a question!

 

My client who is running daycare receives the service fee on the business bank account.

Some people remit the daycare fee for January dare fee on February. But I have to make this sale to January sales. I don't know how to record it on QBO because I should match the amount and date with the bank statement exactly. When I make the sales report, this sales should be for January. 

Please help me.

 

Thanks

Leah 

 

 

2 replies

T
Trish_T
October 11, 2021

Hi siska72,

 

Welcome back out to Community.  This is a great question!  With QuickBooks Online you want to ensure you're tracking your transactions accurately.  I'd be glad to help!

 

As you've mentioned, your sales need to be recorded for January, when they take place and your reports also must be accurate.  There'll be times when customers may not send payment until a future date, but you can still manage and reconcile your accounts with these transactions, regardless of the date of the invoice.  The key is to match the amount paid, with your bank account.  This is for reconciliation purposes and not so much tracking sales.  So, when you Receive Payment on an invoice, this is where you'll enter the date the payment hit your bank account, in accordance to your monthly statement.  The date the sale took place will remain intact.

 

I hope you find this to be helpful!

 

For additional questions and concerns, please don't hesitate to reach back out.  We'd be happy to assist!

PrachiJoshi
PrachiJoshi
October 11, 2021

You can create invoices for these clients in January to record sales in January. When client pays in February, just receive payment on these invoices.

 

Thanks

Prachi

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