Chapter 5

Collecting Your Just Rewards

In This Chapter

Recording and printing sales receipts

Discovering special tips for retailers

Fixing sales receipt mistakes

Recording customer payments

Correcting mistakes in recording customer payments

Making deposits

Tracking customer open invoices and collections

Assessing finance charges

You need to record the amounts that customers pay you when they hand over cash, at the time of a sale or after you have invoiced them. In this chapter, we describe how to record these receipts and explain how to make bank deposits, track the amounts that customers owe and pay, and assess finance charges.

If you’ve been using QuickBooks to prepare customer invoices, you’re ready to begin recording receipts. You’ll have no problem. If you haven’t been invoicing customers, you need to make sure that you have a couple things ready to go before you can record cash sales.