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This tutorial explains how to create a sales receipt in QuickBooks and utilize the undeposited funds account for grouping transactions into a single deposit. It highlights that a sales receipt is used when a customer pays immediately, while an invoice is for later payments, which will be covered in another video. To create a sales receipt, navigate to the new menu and select "sales receipt." Customer information is optional but recommended for tracking sales by customer. The date automatically defaults to today but can be adjusted. For payment method, choose how the customer paid; new payment types can be added. If processing credit card payments, further information is provided through a link at the video's end.
