Sales and Income

The Sales and Income course is designed to help business owners, accountants, and finance professionals efficiently manage sales transactions, track income, and ensure accurate financial reporting using QuickBooks. With this course, you’ll learn how to streamline your sales processes, monitor revenue, and maintain an organized record of income sources to support your business’s financial health.

Course Overview:
Managing sales and income effectively is key to maintaining cash flow and business profitability. In this course, you’ll learn how to set up and manage customers, create and send professional invoices, record sales receipts, and track payments with ease. You’ll explore QuickBooks’ powerful tools for managing different types of income streams, whether through product sales, services, or other revenue channels.

Creating and Managing Invoices:
Learn how to create, customize, and send invoices to your customers directly from QuickBooks. You’ll also discover how to automate invoicing for repeat customers, track due dates, and manage overdue accounts to ensure timely payments. QuickBooks also allows you to set up recurring invoices for subscription-based services, saving you time and effort.

Tracking Payments and Deposits:
Once sales are completed, QuickBooks helps you track payments and deposits easily. In this section, you’ll learn how to record payments, apply credits, and handle refunds. You’ll also explore how to manage multiple payment methods (e.g., cash, credit card, bank transfer) and reconcile them with your bank accounts.

GST and Tax Compliance:
For businesses in Australia, understanding how to track and report GST on sales is critical. The course covers how to manage GST on invoices and payments, ensuring your sales and income are ATO-compliant and your tax reporting is accurate.

By the end of this course, you’ll be proficient in managing all aspects of sales and income within QuickBooks, allowing you to run your business more efficiently and keep your financial records in top shape.