Amazon gives businesses net terms, so sellers may not see payments for up to 90 days. Sellers should consider using invoices for both FBA and FBM sales if they sell to businesses. Using invoices allows FBM sellers to accurately track inventory and whether or not an order has been shipped. However, FBM sellers may want to use invoices instead of sales receipts since some orders may take longer to ship. Strictly FBA sellers canВ use sales receipts since Amazon handles payment and shipping: they donвЂ™t get the sales proceeds until the order is shipped. In fact, many Amazon sellers will be tempted to create sales receipts since itвЂ™s simpler (one step) than creating an invoice and receiving payment (two steps). That doesnвЂ™t mean that they should randomly create invoices or sales receipts. Sellers on Amazon can use either a sales receipt or an invoice in QuickBooks Online since Amazon handles payments. You may get different numbers if you switch between cash and accrual accounting methods when you run financial reports. Using a sales receipt or an invoice will also affect your reporting in QuickBooks Online. By using invoices, businesses can easily track unpaid and overdue invoices in QuickBooks Online.Д¬reating an invoice requires someone to take an additional step of receiving payment in order to вЂњcloseвЂќ the invoice. Why does this matter? If customers fail to pay, then businesses wonвЂ™t know since theyвЂ™veВ created sales receipts.

Sales receipts are generally used when payment is received immediately, whereas invoices are used when payment is received later. Many businesses will use one or other when recording a sale in QuickBooks Online, but theyвЂ™re not exactly the same.Д«efore creating the sales document in QuickBooks Online, think about how payment is received. WhatвЂ™s the difference between a sales receipt and an invoice in QuickBooks Online?

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