To complete this exercise, you must be in the Sample company. From your QBOA account, click on the Gear icon on the top right corner of the screen, then select Sample company.

Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm. 

To complete this exercise, you must download the [products/services import](https://live.intuittrainingplatform.com/filestore/documents/PandS_Spreadsheet.xls) file as well as the [z-tape sales report.](https://live.intuittrainingplatform.com/filestore/documents/Z-Out.xlsx)

Now let's get started with the exercise.

First, we need to import the products.

From the left navigation bar, hover over Sales, then click "Products & services".

Click the down arrow next to New, then select "Import".

Click "Browse" to find and select the downloaded file on your computer.

Click "Import".

*Note the red boxes in the QTY column. There are no quantities associated with MasterCard and Visa because these are services, not products.*

Now let's record the daily sales. Be sure to include the breakdown of payment between MasterCard and Visa on the Sales receipt as well.

Click the "+ New" button, then select "Sales receipt".

First, let's create a new Customer for the daily sales.

In the Customer field, click "+ Add new".

In the Customer display name field, type "Daily Sales".

Next, we need to add a Clearing account in the Deposit to field.

In the Detail Type field, select "Checking".

QuickBooks

QuickBooks is a widely-used accounting software developed by Intuit, designed to simplify financial management for businesses of all sizes. It provides a user-friendly platform for tasks like invoicing, expense tracking, payroll processing, and generating financial reports. QuickBooks automates many financial processes, making it easier for businesses to monitor their financial health, prepare taxes, and manage cash flow. With its various versions and integrations, QuickBooks caters to the needs of freelancers, small businesses, and larger enterprises, offering a flexible and comprehensive solution for efficient accounting and financial management.

app.qbo.intuit.com

fastandeasyqbo.com

Scenario: Craig has started selling items online, and he asked you to help him record a summary of his daily sales into QuickBooks Online from his online reports which include total sales for the day for each individual product.

To complete this exercise, you will need to download the products/services import file as well as the z-tape sales report. Links are provided below.

A.4.1 Daily Sales Summaries