QuickBooks Online: Create Estimates & Invoices

Get QBO at 30% off for 12 months (and free trial):
www.hectorgarc...
Other Videos:
Sales A/R Workflow: • QuickBooks Online 2024...
Construction Accounting (Progress Invoices): • QUICKBOOKS + knowify f...
Accept Electronic Payments in Invoices: • QuickBooks Online: Cus...
Income & Deposits (Cash Basis): • QuickBooks Online: Rec...
Classes, Locations, and Tags: • QuickBooks Online Cust...
Sales Tax in QBO: • QuickBooks Online: Sal...
My favorite FREE (and Low-cost) Courses for Accountants & Accounting fans: courses.cpaaca...

[@damon-burton]

Great tutorial. This clear breakdown of creating estimates and invoices in QuickBooks Online is super helpful. I especially appreciated the distinction between the two. One question: Can you elaborate on how to handle partial payments or deposits on invoices? That would be a valuable addition to the video. Keep up it.

[@HectorGarciaCPA]

Ill add it to the list

[@damon-burton]

@@HectorGarciaCPA Thank you so much

[@HectorGarciaCPA]

@@damon-burton :)

[@junaidahmed4424]

Thanks for valuebale videos can you please make comprehensive video on fixed assets workflow

[@HectorGarciaCPA]

Thanks for the suggestion

[@sankhuya]

Basically when the client accepted estimates, and you tell the system that estimate is accepted, that estimate converted into the invoice. Now here is the catch in QB. It takes the sum of estimate + invoice. Which is not right.

[@HectorGarciaCPA]

Not supposed to do that.

[@sankhuya]

Estimates and invoices have bugs in it. When you generate report, for a client that has multiple estimates and invoices, the report takes both amount of estimate+invoices. Thus making the total twice which is not correct.

[@HectorGarciaCPA]

No, a P&L report only shows the Invoices

[@wallye8713]

Crazy question? Whom owns the data entered in quickbooks online? Can my clients info be shared? It is becoming asked more by my clients re:the crm system and website I have set up to collect customers info. They want to make sure info not shared…

[@HectorGarciaCPA]

Client owns it, Intuit controls it

[@rafaelCastillo-bw3tm]

Hello, I saw your video about the QuickBooks ProAdvisor Program for Accountants. I tried to register, but it asks me for a company. However, I don’t have a company; I want to use this system to practice. Is it safe to put a made-up hypothetical company?

[@HectorGarciaCPA]

You can use your own name

[@sankhuya]

Another feedback is that terminology. Don't say estimate, Pls say proforma invoice. But I don't understand the system doesn't have option for it. Basically proforma invoice is the right term, here in Africa.

[@HectorGarciaCPA]

Its called Estimate in QB, so i use the same terminology QB uses