https://www.youtube.com/watch?v=4X-XuKwnHIM
Subscribe to all my ADVANCED training for $50/m: https://hectorgarcia.com/subscribe00:00 Introduction01:59 Method #1 - Negative Accounts Receivable22:07 Meth

https://quickbooks.intuit.com/learn-support/en-us/help-article/service-items/record-retainer-deposit/L6B5RsY6l_US_en_US
Step 2: Create a retainer item. Go to Settings, then select Products and Services. Select New. From the Product/Service information panel, select Service. Enter a name for the new product or service item (for example, Retainer ). From the Income account dropdown menu, select the liability account created in Step 1.

https://quickbooks.intuit.com/learn-support/en-us/help-article/invoicing/manage-upfront-deposits-retainers/L7dNnFGBi_US_en_US
Option B: Apply upfront deposits or retainers as credits. When you apply an upfront deposit or retainer to a customer's invoice, you can enter the amount as a credit to pay the invoice. To apply an upfront deposit or retainer to an invoice as a credit: From the Customers menu, select Create Credit Memos/Refunds.

https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/customer-client-advance-payments-retention-payments-and/00/1171959
Since we are doing progressive invoicing, we need to deduct the Advance Payment as stated in the contract which will be 10% of the amount of the invoice and deduct as well the 10% Retention Payment. For example: Invoice #1. Progress Amount = $300.00. Less Advance Payment = -$30.00. Less Retention Payment = -$30.00. Invoice total = $ 240.00.

https://www.youtube.com/watch?v=A3FmU4nWzwE
QuickBooks 30-day free trial + 30% off for 12 months: https://quickbooks.intuit.com/partners/irp/?cid=irp-4337#pricing Call our office 954-414-1524 to setup

https://www.linkedin.com/learning/quickbooks-online-tips-and-tricks/record-retainers-and-deposits
Because prepayments represent money you haven't earned yet, you can't use an invoice for this type of transaction. In this video, learn how to record prepayments for retainers and deposits.

https://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-online%C2%AE-basics-taking-deposits-retainers-part-1-s/
Next, create a new Invoice (+New > Invoice), or open the existing invoice for the project.In the Deposit field on the bottom right, enter the amount of money received. When that's done, a new set of boxes will appear on the left above the Product/Service grid (as shown in the illustration below).Enter the type of payment that was received, and where it is going (Undeposited Funds is best).

https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/what-is-the-best-way-to-record-a-customer-prepayment-and-deposit/00/183251
October 15, 2018 07:01 PM. Hi philip , You can create a Deposit transaction for every payment of the customer as the work progresses. To record the payment as Deposit, here's how: Click + (plus) icon. Choose Bank Deposit. To enter Bank Deposit, under Account select Accounts Receivable. Click Save and Close.

https://www.youtube.com/watch?v=yiMtgTKlJ98
Hi, all, I'm US CPA, ex-big 4 (PwC) with 10+ years of experience. On this channel I'm sharing my experience to contribute to the great cause of accessible ed

https://www.dancingnumbers.com/record-customer-deposits-quickbooks-online/
Step 2: Recording a Bank Deposit in the QuickBooks to Combine Payments. Once you have your slip of the deposited balance from your bank, you're ready to record. On the Homepage, You need to choose Record Deposits/Make Deposits. In the Payments to Deposit Window, You need to select the payments you wish to combine.

https://www.process.st/how-to/record-customer-prepayments-in-quickbooks-online/
Step 3: Apply the Prepayment to an Invoice. The final step in recording customer prepayments in QuickBooks Online involves applying the prepayment to the corresponding invoice when the products or services are delivered to the customer. This process is crucial for maintaining accurate accounts receivable and for efficient credit management.

https://www.youtube.com/watch?v=b2ZhC-02DyU
A step-by-step video on how to record and bill for customer deposits or retainers paid in advance of shipping or a service that hasn't been started. After t

https://www.fourlane.com/blog/customer-deposits-and-down-payments-in-quickbooks/
To record a customer deposit as an invoice, you'll need to: Go to the "Customers" menu. Click "Create Invoices". Choose the correct customer from the drop-down list. Add the deposit item in the "Product/Service" column. Enter the amount of money for the deposit in the "Rate or Amount" column. Click "Save".

https://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-online%C2%AE-basics-taking-deposits-retainers-part-2-s/
Last week's covered the topic of Customer Deposits using QuickBooks Online's built-in Deposits tool, but that feature records those deposits as Income instead of a Liability. ... (Retainer) as a 'negative' on your Invoice using the Deposit Receive/Retainer Item to clear the prior amount from the Liability Account. Alicia-P_Series-2_Lesson

https://quickbooks.intuit.com/learn-support/en-us/payments/customer-prepayment/00/189050
In the Rate or Amount column, enter the amount received for the retainer or deposit. Click Save. Then, you'll need to turn retainers into credit on an invoice and receive it like a payment. Here's how: Create an invoice that lists the services or goods you provided for your customer. In the Product/Service field, select the Retainer or Deposit

https://www.youtube.com/watch?v=4DT1IMuONMs
Most new users make mistakes when entering customer payments and deposits. So, I'll show you how to enter them the correct way._____ Rem

https://www.linkedin.com/pulse/managing-retainers-deposits-quickbooks-bilal-ahmad-e1z3f
Enter the deposit amount. Applying Retainers and Deposits to Invoices: - Create an invoice for the client as you usually would for the services or products provided. - When it's time to apply

https://lendahandaccounting.com/2024/03/10/the-best-ways-to-record-your-customer-deposits-and-retainers-in-quickbooks-online/
Turn-On the Deposits Field for your QuickBooks Online Customer Invoices. For small jobs with little or no risk you can turn-on the built-in "Deposits" feature in QuickBooks Online by going to "Account and Settings", "Sales" and "Sales from content", then turning-on "Deposit". This will add a "Deposit" field to your

https://quickbooks.intuit.com/learn-support/en-us/help-article/invoicing/set-send-progress-invoices-quickbooks-online/L0Ymm6WjR_US_en_US
Step 1: Turn on progress invoicing. If you haven't already, turn on progress invoicing. Go to Settings and select Account and settings. Select the Sales tab. In the Progress Invoicing section, select Edit . Turn on the Create multiple partial invoices from a single estimate switch.

https://insightfulaccountant.com/accounting-tech/general-ledger/request-and-accept-deposits-on-estimates-in-quickbooks-onlin/
Then add the rate, if needed. To request a deposit, select + Request a deposit. Then enter the Amount . The payment methods for the deposit will display in the Ways to Pay section. To edit, turn on/off the switches under Payment methods. When you're done, select Email to save and send the Estimate to your customer.

https://www.youtube.com/watch?v=7k4qqYqFPpY
Need to set up a new company in QuickBooks Online? I will have your company up within 24 hours. I can get you 50% off for the first year. Just fill out this

https://quickbooks.intuit.com/learn-support/en-us/payments/recording-a-pre-existing-deposit-as-payment-on-an-invoice/00/1322069
Yes, Rainflurry is right. To show the Credits section, you'll need to ensure that the deposit is posted in the Accounts Receivable. If you're unable to see it, you can follow the steps above to create a Journal Entry so you can move the amount from the liability account to the customer's A/R. Based on your scenario, it appears you're recording

https://www.youtube.com/watch?v=ahD4oRg8bnI
Do you ever get payments from your customers but you haven't yet invoiced them? What are you supposed to do? _____Remember to subscribe