Enter Expense Receipts into QuickBooks

Steps to Enter Expense Receipts into Quickbooks Easily

To Enter Expense Receipts into Quickbooks 2019-22 there is a two-step processor, which is mentioned below. You have to complete each step carefully.

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  1. Recording Expenses in QuickBooks

    To record expenses in QuickBooks, follow the mentioned below steps:

    Step One: Open Expenses

    ๐Ÿ’  Go to Create (+) Menu and then choose Expense present under Suppliers

    Step Two: Select the Payee

    ๐Ÿ’  In case of any new payee, write down their name and then click on Add
    ๐Ÿ’  Tap on Details, if you want to get more information added or you can also Save and then make the changes later

    Step Three: Choose the Account

    ๐Ÿ’  Select the account from which the money came for the purchase. Do not forget that, if the debit card is used then you should select the Chequing Account, no matter if the card has the logo of Master Card or Visa.

    Step Four: Get the Date entered

    ๐Ÿ’  Mae sure that you enter the date correctly of when the purchase was made by you

    Step five: Entering the Payment Method

    ๐Ÿ’  Enter how the purchase was made? Select the mode accordingly, credit card, cheque, or cash

    Step Six: Choosing the Category

    ๐Ÿ’  From Account, select the category that is appropriate for the service or item for which the payment was made by you
    ๐Ÿ’  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

    ๐Ÿ’  In the field of description, make sure all the details of this purchase are added

    Step Eight: Adding the Amount

    ๐Ÿ’  In the field that represents the 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

    ๐Ÿ’  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 done with your work and do not want to start the other expense.

  2. Entering Store Receipts in QuickBooks

    ๐Ÿ’  Start QuickBooks and tap on the menu of Customers and after that on entering Sales Receipt
    ๐Ÿ’  Now from the drop-down menu of the 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
    ๐Ÿ’  Go to the 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
    ๐Ÿ’  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 itemโ€™s quantity in the column of Quantity

Issues Users Face

The question that is generally asked by the users is, how the receipts and expenses are entered in QuickBooks. For example, users own a small business and use 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 a 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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