How to issue a Part Invoice / Deposit - i.e pay 50% before starting work, 50% when completed

Question asked by Richard Nelson 12 years ago

Hi,

I have recently quoted a client for some work, and for various reasons have asked that they pay 50% "up front" as a deposit, with the balance due on completion. They are happy with this arrangement, but, what is the best way to achieve this in quickbooks?

I guess I could issue a invoice for the full amount, but put in the notes that 50% is due now, then allocate the part payment when it is received. However, I don't then want them to receive reminder emails until after the work is completed.

I can't see - but could just be being daft, an option to create a deposit.

Any advice gratefully received.

Richard

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Hi Richard,

To create a payment on account (deposit) just head to Sales>Money In and create a payment for the customer. Or alternatively if you import bank statements, explain the receipt using the account code 'Trade Debtors' (this may need to be enabled to show in sales on the Settings>Codes menu).

All payments on account appear on the Money>Bank accounts>Unallocated cash menu. You can allocate this to future invoices from this menu.

12 years ago

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