How to Record Sales: Overview | QuickBooks Online Tutorial 2018

Sales are an important aspect of any business, and it’s important to enter them correctly so that you can build accurate sales reports and monitor your income on your profit and loss statement. In this module, you’ll learn about the different sales work flows and how to apply them to your business. First, you learn the basics of sales transactions and when to use each of the sales transactions in QuickBooks. You’ll also find out how to record deposits from those sales. Some businesses need to collect, track and pay sales taxes on the products and services that they sell. In this module, you’ll learn how to set up sales tax, record sales that involve sales tax and then record sales tax payments to your state. You’ll also learn about some things that can go wrong with sales, like how to issue a customer a credit, or even refunding them. Discounts are an important part of business too, and they’re covered here as well. Finally, you’ll learn how to track your sales with reports. By the end of this module, you’ll understand how to enter your company’s sales into QuickBooks. [MUSIC]

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