Difference Between Entering Invoices and Sales Receipts in Quickbooks

Difference between entering invoices and sales receipts in Quickbooks. In this video I show you the difference between entering invoices and sales receipts in Quickbooks. Do you do it correctly?
You only use an invoice under certain circumstances and a sales receipt in other circumstances and it's important to know the difference between the two when entering sales in Quickbooks. If you don't know the difference you can really screw up your books.
Make sure to know the difference between entering an invoice and a sales receipt, and when to use each by watching this video.

[@QbuniversityOrg]

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[@laurenobrzut5051]

How do you enter mixed payments? They pay part cash and part credit card, or with 2 different cards? Sales Receipts only take one payment. Thanks for the awesome videos!!

[@CaseyMaehl]

can you apply a sales receipt to open invoices for that customer?

[@thakid54321]

Is there an option to convert a sales receipt to an invoice? Sometimes customers neglect to inform if they will be paying now or later until after I've already made the receipt

[@heathermcgregor1738]

Thank you!!!

[@QbuniversityOrg]

You’re welcome!

[@SusanScordato]

Can you roll an estimate to a "sales receipt"?

[@thatpearlgirl44]

Would I do a sales receipt for anything I don’t have an invoice out for? Or just record those as deposits?

[@QbuniversityOrg]

In general, I would do a sales receipt so you can associate it with an item. deposits would work, but you would not be associating them with the item from the item list, whereas you would with a sales receipt

[@MyElisa13]

Which one do I use if we get a refund from our insurance company?

[@QbuniversityOrg]

Neither. They are only for sales. Just record that as a deposit

[@yamaha7manofficial]

Why does it mess up your books? From Invoice to sales receipt? Very curious sir. Thanks

[@QbuniversityOrg]

If you are supposed to do a sales receipt and do an invoice instead you’ll reflect cash, AR and accrual revenue wrong

[@mr.fabtech8355]

How to send invoice to email