Some businesses, such as retail stores or restaurants, may prefer to summarize all sales for the day, rather than record individual sales to each customer.
How you record your daily sales will depend on the nature of your business. You can group items together into categories (for example, different types of merchandise, or food versus beverages), or you can enter specific item totals.
To create a daily sales summary entry:
If all your sales are paid by the same payment method (for example, cash), or if you do not need to separate payments on your deposit by type, decide which deposit method you want to use and select it on the sales summary entry:
If you receive payments by various methods and need to separate the types on the deposit (for example, cash, check, Visa, MasterCard, or American Express), you can create a payment item for each payment type, and use these items to track the daily amounts received.
The payment items are entered on the sales summary form, and are subtracted from the total value, leaving the sales entry balance as zero. The payment amounts are then either deposited directly to an account, or grouped with other funds to be deposited, depending on how the payment item is created.
To create a payment item:
To enter a payment item on the sales summary form: