To complete this exercise, you must be in the Sample company. To get into it, 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.
Hands On Practice
Now let's get started with the exercise.
Click the "+New" button, select "Sales receipt".
In the Customer field, select "Kate Whelan".
In the Sales receipt field, leave the date as is. In real life, this would be the date of the transaction.
In the Payment Method field, select "Cash".
NOTE: In a real life scenario, you should use "Undeposited Funds" or "Payments to Deposit" when recording cash payments. The example below comes directly from Intuit's ProAdvisor Challenge, but is incorrect.
In the Deposit to field, select "Checking".
On the first line, in the Product/Service field, select "Maintenance & Repair".
In the Amount field, type "60".
Click the "down arrow" next to Save and send, then select "Save and close".
In a real life scenario, you can Save and send a copy of this Sales Receipt to the customer.
🏋️♀️ Get More Practice
This exercise was featured as an Exercise of the Week in the QBO Gym. Do more hands-on exercises just like this by joining our FREE, 5-day Bookkeeping Challenge. [Just click here.](https://www.fastandeasyqbo.com/gym5)
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Press space bar to start a drag.
When dragging you can use the arrow keys to move the item around and escape to cancel.
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