What is difference between a Sales Receipt and an Invoice?
A)Sales Receipts include cash sales and credit card sales; Invoices are used to record customer sales that are paid for later.
B)Sales Receipts are used for customer sales on account; Invoices are used for cash sales and credit card sales.
C)Sales Receipts and Invoices use the same QB Online selection -- Bills.
D)Sales Receipts and Invoices use the same selection as vendor payments on account - Pay Bills
E)None.

Question

Quizplus · Accepted Answer

Sales Receipts are used for recording both cash sales and credit card sales at the time of purchase, while Invoices are used to record customer sales that are paid for later. Therefore, option A is the correct difference between the two. Options B, C, D and E do not accurately describe the difference between Sales Receipts and Invoices.

What Is Difference Between a Sales Receipt and an Invoice