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and now we will learn all about sales receipts and undeposited funds when do we give a sale receipt well you dont have to be an attorney to know that you give a sale receipt when you render a service and the customer or client pays immediately at the moment they pay nothing is owed to or from the client that means that when you record a sale receipt in QuickBooks it will not show up in the client balance detail when we record a sale receipt our income goes up because we just rendered a service and when we record a sale receipt our money our cash just went up otherwise we would not have given a receipt if we were not just handed cash however if we deposit the money immediately or at least in the same day the cash and bank which is the account in the chart of accounts that represents the money in the bank is the account that will go up at the moment the income account goes up and usually we bring these types of checks to the banks to the bank right away or