Steps to Enter Expense Receipts into Quickbooks Easily
To Enter Expense Receipts into Quickbooks there is a two step processor, which are mentioned below. You have to complete each step carefully.
Recording Expenses in QuickBooks
To record expenses in quickbooks, follow the mentioned below steps:
Step One: Open Expenses
💠 Go to Create (+) Menu and then choose Expense present under Suppliers
Step Two: Select the Payee
💠 In case of any new payee, write down their name and then click on Add
💠 Tap on Details, if you want to get the more information added or you can also Save and then make the changes later
Step Three: Choose the Account
💠 Select the account from which the money came for the purchase. Do not forget that, if debit card is used then you should select the Chequing Account, no matter the card has the logo of Master Card or Visa.
Step Four: Get the Date entered
💠 Mae sure that you enter the date correctly of when the purchase was made by you
Step five: Entering the Payment Method
💠 Enter that how the purchase was made? Select the mode accordingly, credit card, cheque or cash
Step Six: Choosing the Category
💠 From Account, select the category that is appropriate for the service or item for which the payment was made by you
💠 If services and items were bought by you from this particular cheque from the different categories then make sure that each category is entered along with the amount that was spent on the items, you should separate the lines by tapping on Add Lines
Step Seven: Get the Description added
💠 In the field of description, make sure all the details of this purchase are added
Step Eight: Adding the Amount
💠 In the field that represent amount, get the amount added for the purchase. In the field of Sales Tax add the sales tax that is applicable to it
Step Nine: Saving
💠 Tap on Save and New in order to get this expense saved and to start the other one. You can also click on Save and Close if you are don with your work and do not want to start the other expense.
Entering Store Receipts in QuickBooks
💠 Start QuickBooks and tap on menu of Customers and after that on Enter Sales Receipt
💠 Now from drop down menu of Current Template, tap on “Daily Sales Summary”. Option of New Template is also available, you can select it and get all the available fields updated
💠 Go to drop down menu of Customer Job and type Register Summary there. If Register Summary is not created by you then click on Quick Add. You can also tap on Set Up in order to get the new record created
💠 Then in the column of Amount, get the transaction cost added for each and every item in the separate line. After that get the number added for each item’s quantity in the column of Quantity
Issues Users Face
Question that is generally asked by the users is that, how the receipts and expenses are entered in QuickBooks. For example: users own a small business and using QuickBooks Pro Desktop. He/she wanted to know that how can the expenses be entered which were made part. Expenses could be any such as purchase receipts etc.
Need Professional Help?
In order to know the complete steps involved in entering store receipts in QuickBooks, get in touch with the QuickBooks product help team. They will help you to provide better understanding of all the steps involved in creating it. SMB QuickBooks tech support helpdesk is always ready to answer all your issues and queries. You are free to get in touch with the highly skilled professionals at SMB QuickBooks product help team anytime on smb_accountants.
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