QuickBooks Online - Handling Down Payments from Customers

Many businesses collect down payments from customers at the start of a job and collect the balance when the job is complete. Here is the best way to process down payments in QuickBooks Online, demonstrated by Kristie Van Pay of Prosperity Bookkeeping. Using a sample company to demonstrate, she shows the step-by-step process of how to handle a partial payment. By using this process, a down payment is separate from accounts receivable.
In this video you’ll learn how to:
• Create a non-posting transaction (estimate)
• Create an invoice from the estimate
• Customize the invoice
• Apply customer payments to the invoice
Learning how to handle periodic payments, including down payments, improves the efficiency and accuracy of your bookkeeping.
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