QuickBooks Pro 2019 Record Sales on Account u

Record sales on account in QuickBooks Pro 2019. Recording a sale on account or on credit are different ways to say we are entering an invoice. We enter an invoice as opposed to a sales receipts when we are billing a client for work done rather then recording cash received and revenue at the same point in time. The journal entry to record sales on account will be an increase to accounts receivable an increase to sales or revenue and if we are selling inventory we will also increase sales tax payable if we are subject to sales tax, decrease inventory, and increase cost of goods sold which will decrease net income
For more accounting information see accounting website.
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