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I have a different way of how you can do your monthly installment. Let me guide you how, Cobbs.
QuickBooks Desktop, lets you memorize your transaction so you'll be reminded every time your invoice is due. To handle the monthly payments on the annual contract, you can set up a recurring invoice in QuickBooks Desktop. This will allow you to generate and send monthly invoices for the agreed-upon $5,000 installment."To create one, follow the steps provided below:
- Go to the Customer menu, and select Create Invoices.
- On the Invoice page, click Memorize.
- Select Automate Transaction Entry.
- Under the How Often field, choose Monthly.
- Click OK.
To give you more details on how QuickBooks automatically enter your transaction to save time, check out this article: Create. Edit or Delete Memorized Transactions.
On top of that, learn how you can turn on online payments and get paid for the invoices you email to customers. I've added this article for your reference: Take And Process Payments In QuickBooks Desktop.
You can always touch base if you have any other concerns with invoicing. I'll be here if you need further assistance.
