Example 1: Calculating sales and returns

If you had sales of $60,000 and your total for refund checks and credit memos was $1000, the tax summary report shows only the total of the two amounts:

Gross receipts or sales 59,000

The QuickZoom report shows how the total breaks down:

Debit  Credit  Amount
1,000  60,000  59,000

In this case, the amount to report for gross sales is $60,000, not $59,000 as shown on the tax summary report.