2 replies to this topic

[HTV]

Good Morning,

Very new with the Vending Machine business.  I signed up to use Quick Books Online to keep track of everything.

I have a few questions about this:

1. I did my first collection.  I posted a "Sales Receipt" under customers.  The customer is the shop owner.  I was told that I should just be doing a "RECEIVE PAYMENT" instead of a "SALES RECEIPT".  Any thoughts?

2. A certain percentage of the coin drop goes to the owner of the machine.  So this is sort of a LEASE for us.  They sent me an invoice.  I posted under "VENDORS" and "ENTER BILL".  For the account type, should it be "COMMISSION & FEES"?  How about "RENT or LEASE"?  I was thinking that made more sense, but then again it might mean "RENT or LEASE" building and not machine.  

Any help is much appreciated.


Regards,
HTV

[Barack Obama]

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[AZVendor]

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