This presentation show the impact of two common business transactions, the sale to a customer and the receipt of payment from a customer have on both the Profit & Loss and Balance Sheet reports.
Participation Question: Before we begin the practice sessions, do you have any questions? If you’re unsure about any of the points we’ve discussed so far, let me know. We can talk it through, so you will feel more confident. [Begin Session] A sale is “money in.” When a customer pays in cash, what do you do? (Issue a sales receipt.) Participation Question: And what are the most important pieces of information you need to track about a sale? (Think about the sales receipts you get when you buy something in the store). “ Hands-on” Option: Go to “File/Maintenance/Restore” and load the file “Training_file.qbb” (included with the training resources available for download) Click on “Sales Receipts” and Create a “New” receipt.