Entering Sales Receipts

1.1 If your customers pay in full at the time they receive your service or product, then you dont have to track how much they owe you. However, you might want to track each sale, calculate its sales tax, or print a receipt for the sale. In that case, use a sales receipt. 1.2 You can also use a sales receipt to create a summary of sales income and sales tax owed. 1.3 You can summarize daily or weekly sales on a sales receipt. 1.4 If customers pay in advance, either in part or in full, you should not use a sales receipt. 1.5 A cash sale, and using a sales receipt, requires full payment at the time you record the sale.