Tracking your payments against the total cost of the job

JR1225 · ‎April 03, 2023

we have sub-contractors that we get a quote from to do large jobs for us ie $100,000. These jobs go over long period of time and he bills us in stages of job completion. when i get an invoice i enter it in bill payments where i apply the eventual payment against. is there a way to enter the compete value of the job ie $100,000 and then when you enter a bill payment ie $20,000 you can apply that invoice to the total amount showing a balance of $80,000 remaining for him to bill us? to work something like the Quotation process for sales/receivables.

Thanks in advance.

Trish_T · ‎April 04, 2023

Hi JR1225,

Thanks for reaching out here. QuickBooks Desktop is a powerful program that enables you to manage your books with peace of mind. I can see how entering bill payments in stages can be be beneficial to your business. I'd be happy help!

In QuickBooks Desktop, you can locate a previous bill payment that you've recorded and make it recurring. Here's a detailed guide, for your reference. Please don't hesitate to contact us for additional assistance. We'd love the opportunity to work with you in real-time and ensure you're able to accomplish your QuickBooks goals in a timely fashion.

If you have any other questions, please feel free to reach back out. We're always glad to assist!

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Tracking your payments against the total cost of the job

Tracking your payments against the total cost of the job

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