I have received part payment of an invoice. How do I record this?
Yes, you can partially pay an invoice in QuickBooks
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.
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.
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.
If you create an invoice and then receive only partial payment, select receive payment > in the payment date box ensure you enter the date you received the payment > in the amount received box enter the amount that you actually received > save and close. When you receive the remaining amount select receive payment > ensure you enter the correct date > save and close.
I apologise, the information I provided you related to our small business product, which I incorrectly assumed you were using.
If you have created the invoice you can edit the invoice and enter the amount you actually received however you would then have to create a new invoice for the remaining amount.
Thats a pretty poor way of going about it from an accounts perspective. I will therefore need to upgrade my account. Is the partial payment feature available on the Simple Start business version?
Yes you would be able to record partial payments against invoices using the Simple Start account.
There are many differences between the two products, so you might want to take a trail of the Simple Start before you make the switch.
You can see the differences and take a trail here: https://https://quickbooks.intuit.com/uk/