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In this tutorial, viewers learn how to create a sales receipt in QuickBooks and utilize the undeposited funds account to group transactions for a single deposit that aligns with bank records. It is emphasized that a sales receipt is used for immediate customer payments, while an invoice is created for future payments, which will be covered in another video. To create a sales receipt, navigate to the new menu and select sales receipt. Customer information entry is optional; however, tracking sales by customer is encouraged. The default sale date is today, but it can be changed. When selecting the payment method, users can choose from existing options or add a new one, such as cash or check, and record check numbers when applicable.