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moss.anthony2
Level 1

Hi - Is there a way to enter a bill where it is paid by monthly installments, without having to enter multiple bills?

So for example, I have a rates bill on a building whereby it is paid over several monthly installments. I would like to be able to create one bill entry with multiple rows, each row representing one month's installment. Is this possible?
Solved
Best answer September 30, 2021

Best Answers
LollyNino_C
QuickBooks Team

Hi - Is there a way to enter a bill where it is paid by monthly installments, without having to enter multiple bills?

Hello there, @moss.anthony2

 

Glad to see you here in the QuickBooks Community. Let me address your concern about creating an invoice that you are paying as monthly installments.

 

In QuickBooks Online, recurring transaction details are base on how you create them, and there is no automatic way to do this. The reporting of monthly income and monthly sales tax will be incorrect. To get the correct amount, you can manually add the monthly rent to the invoice.

 

Let me show you how: 

  1. Go to the Gear icon.
  2. Under LISTS, select Recurring Transactions.
  3. On the Recurring Transactions page, select New.
  4. Select Invoice.
  5. Enter your transaction details and how you want to recur it accordingly.
  6. Click Save Template.

For more details, here's an article you can read to learn more about how recurring invoice works: Create recurring transactions in QuickBooks Online.

 

I've also included this reference helpful with the steps needed in creating and sending other sales transactions to your customers: Set up and send progress invoices in QuickBooks Online.

 

If you need more assistance concerning your recurring invoices, please don't hesitate to reach out to us. Have a great day!

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2 Comments 2
LollyNino_C
QuickBooks Team

Hi - Is there a way to enter a bill where it is paid by monthly installments, without having to enter multiple bills?

Hello there, @moss.anthony2

 

Glad to see you here in the QuickBooks Community. Let me address your concern about creating an invoice that you are paying as monthly installments.

 

In QuickBooks Online, recurring transaction details are base on how you create them, and there is no automatic way to do this. The reporting of monthly income and monthly sales tax will be incorrect. To get the correct amount, you can manually add the monthly rent to the invoice.

 

Let me show you how: 

  1. Go to the Gear icon.
  2. Under LISTS, select Recurring Transactions.
  3. On the Recurring Transactions page, select New.
  4. Select Invoice.
  5. Enter your transaction details and how you want to recur it accordingly.
  6. Click Save Template.

For more details, here's an article you can read to learn more about how recurring invoice works: Create recurring transactions in QuickBooks Online.

 

I've also included this reference helpful with the steps needed in creating and sending other sales transactions to your customers: Set up and send progress invoices in QuickBooks Online.

 

If you need more assistance concerning your recurring invoices, please don't hesitate to reach out to us. Have a great day!

Fiat Lux - ASIA
Level 15

Hi - Is there a way to enter a bill where it is paid by monthly installments, without having to enter multiple bills?

@moss.anthony2 

Open a Melio account for free. You can create a recurring bill, choose a payment frequency (monthly or weekly), the number of payments and the day you'd like payments to go out. You can set the payments by bank transfer (free - ACH transfer or link your debit card) or credit card (2.9% fee).

https://melio.grsm.io/quickbooks

 

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