Problem You need to refund a unit sale, but receive the error that there are processed AR items associated with it, thus it cannot be refunded. This most commonly happens with rebates. Solution If you need to sell the unit…
Petty Cash vs. Cash Drawer vs. Making Change (and Starting Cash Drawer Balance)
In this post we’re going to talk briefly about the differences between Petty Cash and the Cash Drawer since there seems to be some confusion about the two. We will also take a look at your Starting Till Balance and…
Setting Up Sales Tax
When you are setting up or editing sales tax, Lizzy gives you a lot of options to choose from. You may take a look at all these choices and get momentarily stunned as there are a quite a lot. We…
Financing and Flooring With The Same Supplier
As your business grows, you will more frequently find yourself in a position where you have a floored unit, and when you sell that unit, your customer uses the same company to finance their purchase. And when all is said…
Departmentalized Profit & Loss
( Or why my Department P&L doesn’t match my Company P&L ) The P&L handles reviewing what took place in your business from Sales and Expense stand point ( meaning what did you sell, what did that cost you to…