Recording sales from a Point of Sale with Simplified Invoices

Create simplified invoices to record your sales from a Point-of-Sale (POS) system

If you sell through a POS system, your customers are paying you immediately. In this case, you'll want to record sales as simplified invoices and mark them as paid through your cash register. 

First, let's create the cash register account. Go to your Chart of Accounts in the left side menu, then create a new account named "Cash Register". Select the Cash and Cash Equivalents account type from the Type drop-down menu and set the Enable Payments column to Yes to be able to record payments paid through this new account.

Once you sell an item at the point of sale, create a Simplified Invoice by going to Invoicing in the left side menu and selecting the Simplified invoices tab.

Create a DRAFT for your invoice and complete the required fields. Make sure to select the Cash Register account from the Paid through drop-down menu to record the sale in this POS account.

Once you've completed all required fields, change the status of your simplified invoice to PAID to record the revenue and the payment at once. A journal icon in the right column will appear, indicating that this transaction has been posted to your books.

You'll be able to generate your reports at the end of your defined period to track the revenue coming in from your POS account.