My wife runs a skin care business and is about to add retail. I do all her bookeeping and am wondering about the data entry that will be required to track her retail sales in QuickBooks (2003). Based on the merchant services report samples I've seen, they just give you a total sale amount and a fee. In addition to that, we'll have the actual sales receipts for the products, which will include the customer name, the sales amount, tax amount, and total sale. My questions:
- How does the merchant account report data come together with the Sales Receipts in QB? Am I looking at a whole bunch of manual data entry to do this? Is the merchant account data entered separately, on a different form/interface than the Sales Receipt? Do I have to match up the merchant account report data with each Sales Receipt?
- Do I have to set up an item description for all of her products or is there a way to avoid that?
Any pointers greatly appreciated. -- tom c