What is the Difference Between Invoices and Sales Receipts in Quickbooks Online?

Описание к видео What is the Difference Between Invoices and Sales Receipts in Quickbooks Online?

In this video I discuss the difference between a sales receipt and an invoice in Quickbooks Online. A sales receipt involves payment for the services and/or products at the time the service/product is sold. On the other hand an invoice is sent to the customer before payment is received.

For example I may sell a group of products to a customer, but allow them to pay me in 30 days. I would utilize an invoice in this case. If I were to sell the products and immediately accept payment for the products I would record the sales receipt. The sales receipt acts as proof to the customer that they purchased and paid for the items.

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