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M
MRJ21
April 30, 2022
Question

Total Daily Sales

  • April 30, 2022
  • 1 reply
  • 0 views

I see in the example that QuickBooks Online gives, the sales receipt showing "end of day" sales is cut off so I can't see the bottom few lines. I also noticed that all the entries are a negative figure (i.e. Cash, Visa, Mastercard etc.) except for the Daily Sales Income. Does this mean that the balance due at the bottom should always be zero?

1 reply

Jen_D
Jen_D
May 1, 2022

Thanks for reaching out to us regarding this sales concern

 

Allow me to help you out recording your Daily Sales in QuickBooks Online properly.

 

Those negative numbers are assigned to the undeposited funds, and they will be manually deposited after creating the sales receipt. This way you can match it to your bank statement after. Also, the balance due at the bottom should be zeroed out to make sure you don't overstate your bank balance.

 

To learn more about the process, make sure to follow the step-by-step instructions to record a daily sales: Record your total daily sales in QuickBooks Online.

 

Come back here if you have other concerns about this topic. I'll be right here to help you ensure your transactions in QuickBooks are recorded properly.

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