Using Sales Receipts: When and Why?

In these days of e-commerce and merchant accounts, your customers may provide a credit card number over the phone or via your website. Right now you probably email or mail paid invoices after a sale with payment.

There’s another type of sales document that you can use in certain situations: the sales receipt. If you receive full payment for a product or service at the same time the customer receives the product/service, you should use a sales receipt. Completing a sales receipt is similar to filling out an invoice or purchase order.

Five Steps to Create a Sales Receipt

1.  Click Create Sales Receipts on QuickBooks’ home page or open the Customers menu and select Enter Sales Receipts. A screen like the one below will open.

When you sell and receive payment at the same time, you should us a Sales Receipt.

2. Choose  Customer Name from the drop-down list and a Class (if applicable). If you have created more than one Template (more on that later), make sure that the correct one appears in the field. Verify the appropriate Date and Sale No.

3.  Click on the type of payment you’re receiving, and enter the check or credit card number where necessary (a small window will open for the latter). Note: If you are working with a type of payment that does not appear in the four icons, click on the arrow below More to add it.

4. Select the products or services you sold by clicking on the arrow in the field under Item to open the available list (if you have not created a record for what you’re selling, select <Add New> and complete the fields in the New Item window that opens). Enter the quantity (Qty), The Rate, Amount, and Tax fields should fill in automatically based on the information you entered when you create the item’s record.

When you’ve entered all of the items that the customer is paying you for, you can choose which Customer Message will appear on the sales receipt (you can see your options in the drop-down list found in the lower left corner of the screen). Anything you enter in the Memo field will be for your internal use only; it will not appear on the printed or emailed sales receipt.

5.  Click Save & Close or Save & New.

Customizing Sales Receipts

QuickBooks provides tools for customizing forms, including sales receipts. QuickBooks’ forms contain the fields most often used by small businesses; however, you can alter them in numerous ways to meet your company’s needs. 
 
Steps to Customize a Sales Receipt:

1.  Open the Sales Receipt window and click on the Formatting menu. Select Manage Templates.

2.  Make a copy of the original sales receipt so that the original will always be available. Click the Copy button in the lower left. “Copy of Custom Sales Receipt” appears in the list of templates. In the Preview pane on the right, click in the field next to Template Name and replace the existing name with a new, more descriptive one if you’d like. Click OK.

3. The Basic Customization window opens. Click on Additional Customization at the bottom of the screen. You’ll see a window like the one in the image above. Click the Columns tab.  The list on the left displays all of the columns that can be included in the body of your sales receipt.

4. Click in the boxes below Screen and Print to indicate which columns should display on your QuickBooks screen and which should appear on the customer’s copy. The numbers in the Order column can be changed to reflect which column will come first, second, etc.

Numerous Options

There’s a lot more you can do to customize your QuickBooks forms, and there are other situations where you might want to issue a sales receipt. We would be happy to explore these elements of QuickBooks in more depth with you–so call us today at 256-337-5200 and schedule a visit.

 

The “QB Bob” Team
Intuit Premier Reseller
256-337-5200