What is a "Sales Receipt" in QuickBooks Online?

A Sales Receipt in QuickBooks Online is used to document transactions in which payment is received immediately at the time of the sale. This is particularly useful for businesses that operate on a cash basis, allowing users to track sales and payments simultaneously.

When a sales receipt is created, it not only records the sale but also ensures that the payment is reflected in the accounts receivable and sales reports instantaneously. This immediate recognition of the sale helps businesses manage their cash flow accurately, as it reflects both the revenue generated and the cash inflow from the transaction right away.

By contrast, other options describe transactions or documents that do not align with the immediate nature of a sales receipt. For example, a document for future credited sales implies a transaction that has not yet been completed, whereas a summary document for monthly sales does not represent individual transactions. Similarly, a record of pending payments from customers points to accounts receivable situations rather than sales where payment has already been collected.