How to Set Up Invoices, Sales Receipts & Estimates in Quickbooks Online
Why Is It Important to Set Up Sales Form Content (Invoices, Sales Receipts & Estimates)?
It’s important to set up sales form content because the selections that you make here will affect when your customers pay you as well as how to properly account for any discounts that you provide to customers and deposits received from customers. This is one of those areas that can cause negative cash flow if it is not set up properly.
How to Set Up Sales Form Content
Sales form content determines what information appears on invoices, estimates, and sales receipts.
As you can see, there are a total of eight fields that we can edit here. To edit a field, just click on the pencil icon in the upper right portion of the screen.
Below you will find a brief description of each feature along with how we would set this up for our fictitious company, Paul’s Plumbing:
1. Preferred invoice terms
This allows you to set up default payment terms for all customers. For example, setting default payment terms of Net 30 means that payment from your customers is due 30 days from the invoice date.
This will save you the time so that you don’t have to set up payment terms for each customer separately. However, if you need to set up special payment terms for a customer you can do so when […]
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