Solved

Can I record receipt of part payment?

19 replies
41 views

I have received part payment of an invoice. How do I record this?

QuickBooks Self-Employed

Level 8

Hello EtherealBirth,

You cannot mark invoices as partially paid within Self Employed - you will need to create 2 invoices as mentioned in Mia-Baptiste's answer above.

Thanks,

Talia

M

Mia Baptiste

I believe there is no option for part payments on the self employed version of QuickBooks (QBSE).

The only solution I was told was to re-issue the invoice as 2 separate invoices. So you would have to credit the existing invoice and raise 2 separate invoices, one for the paid amount and another for the remaining balance... this is because the "invoicing" part of QBSE is not part of the ledger itself and figures do not appear on your tax return. QBSE is for small cash basis sole traders only so if you are requiring "Debtors reports" you will need a business licence from QuickBooks.

I hope this helps guys

W

wayne wilkins

I found by editing the existing invoice (removing a part of the work) then creating a new invoice with the work or amount removed from original invoice.

JessT

Moderator

Yes, you can partially pay an invoice in QuickBooks Desktop, Zoe.

Simply open the invoice, hit the Receive Payments icon, and update the Payment field. (see screenshots). When you open it back, you’ll see an updated balance due amount.

That’s it. If you have other questions, please let me know.

H

HMPHOTOLONDON

Hi guys - there is no opton for RECEIVE PAYMENTS in Self Employed. Only MARK AS PAID?

E

EtherealBirth

Id like to know this too please! As id like to invoice for a full amount, for example £250. But show that £50 deposit has been paid and that the outstanding balance of £200 still needs to be paid by whatever date.