Step by step indicate what you sell 1 click next to

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Step-by-Step: Indicate What You Sell 1. Click Next to move to the What do you sell? window. 2. Choose the appropriate option for the business (services only, products only, or both services and products). 3. Click Next . N OTES
Lesson 2 – Setup Enter Sales Information QuickBooks Desktop 2020 Client Training 14 Enter Sales Information Retail companies need to indicate how they want to enter sales. QuickBooks uses this information to set recommendations for a retail-type business. (Note: you may have encountered these windows in the EasyStep Interview if you chose a different type of business other than retail.) Step-by-Step: Indicate How you Enter Sales (for Retail Companies) 1. In the How will you enter your sales in QuickBooks? window, choose the option that best fits the business’s needs. 2. Click Next . N OTES
Lesson 2 – Setup Enter Sales Tax Information QuickBooks Desktop 2020 Client Training 15 Enter Sales Tax Information This part of the EasyStep Interview asks whether you charge sales tax. You should turn the sales tax setting off only if you never charge sales tax. Sometimes it is even beneficial to turn this feature on for tracking wholesale/retail sales, depending on the tax reporting regulations in your state. Step-by-Step: Set up QuickBooks to Track Sales Tax 1. Click Yes in the Do you charge sales tax? window. 2. Click Next . N OTES
Lesson 2 – Setup Create Estimates QuickBooks Desktop 2020 Client Training 16 Create Estimates If you provide any type of estimate or bid — even a verbal quote — there are many reasons to use estimates in QuickBooks. With QuickBooks estimates you can do the following: Prepare professional-looking itemized estimates, bids, quotes or proposals for your customers Create an invoice from the estimate with just one click; QuickBooks then creates and populates an invoice for this customer using details from the estimate you used for that customer Create reports that compare your estimated costs and revenue against your actual costs and revenue Compare your actual costs against what you estimated Track which estimates are still active and easily update each estimate as you continue to negotiate with your customers
Lesson 2 – Setup Create Estimates QuickBooks Desktop 2020 Client Training 17 Step-by-Step: Create Estimates for Your Business 1. On the Do you want to create estimates in QuickBooks? window, choose the option that best fits the business. 2. Click Next . N OTES
Lesson 2 – Setup Create Sales Orders QuickBooks Desktop 2020 Client Training 18 Create Sales Orders Sales orders (available in Windows editions of QuickBooks Desktop except for Pro) allow you to record a customer order for a sale before the sale is made. These forms are common in businesses that order products to fill orders or that pull orders from inventory before invoicing. (Think of these forms as “incoming purchase orders” from customers.) These forms enable you to create partial invoices for an order if you have inventory items on backorder.

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