What’s The Difference Between Receive Payment And Sales Receipt In QuickBooks
Receive Payment and Sales Receipt are sales and revenue transactions in QuickBooks.
Sometimes it can be confusing when to use each one.
Receive Payment
Receive Payment is the type of transaction used to receive payment against an outstanding invoice.
A Receive Payment decreases Accounts Receivable and increases either a bank account or Undeposited Funds.
Sales Receipt
Sales Receipts are the transactions used when you receive a payment at the time of a sale. It has no effect on Accounts Receivable.
It increases income and increases either a bank account or Undeposited Funds. It is the equivalent of a cash register receipt when you buy a pack of gum at the store.
I hope this information helps when you receive a payment in QuickBooks.
We offer dependable QuickBooks support and bookkeeping services in Ohio and outside of Ohio.