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Advance payments from customer

Can anyone please tell me how to enter an advance payment from a customer, before you are ready to actually invoice them?  

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Best answer 01-23-2018

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Re: Advance payments from customer

Debit: Cash/Bank

     Credit: Customer account

 

once you invoice them:

Debit: Customer

     Credit: Sales

 

regards,

Hussain

View solution in original post

8 Comments
Not applicable

Re: Advance payments from customer

Debit: Cash/Bank

     Credit: Customer account

 

once you invoice them:

Debit: Customer

     Credit: Sales

 

regards,

Hussain

View solution in original post

Not applicable

Re: Advance payments from customer

Hi Hussain, 

 

Is that for cash based or accrual accounting? Thanks in advanced!

Anonymous
Not applicable

Re: Advance payments from customer

Can anyone help me figure this out...

 

We invoice customers and they need to pay off the entire amount of the invoice 1 month before the service is provided. Does quickbooks online invoicing feature allow customers to make partial payments on their invoice online? How would I do this?

QuickBooks Team

Re: Advance payments from customer

I'd want this to be taken care of as well, AngieVancouver.

 

QuickBooks Online (QBO) allows your customer to make partial payments on their invoice.

Once your customer receives the invoice, they can enter the partial amount after hitting the Pay Now button.

 

Here's an article that'll guide you through on how to let my customer pay their invoice online.

 

There you have it. If you have more questions about advance payments in QBO, just let me know. I'll be sure to continue helping in anyway that I can.

Established Community Backer ***

Re: Advance payments from customer


@Charies_M wrote:

 

However, there isn't a way for customers to make partial payments on their invoice.

 


I thought customer can type in whatever amount they want to pay

QuickBooks Team

Re: Advance payments from customer

Hello there, @Malcolm Ziman.

 

Yes, you're right. Aside from creating a partial payment to an invoice in your QuickBooks Online, your customers can also make partial payments to their invoice through the link of the invoice emailed to them.

 

If there's anything else I can help,  feel free to leave me a comment down below so I can get back to you. I'm always here to help.

Established Community Backer ***

Re: Advance payments from customer


@Charies_M wrote:

 

Yes, you're right. We can create a partial payment to an invoice if the customer manually records the payment in QuickBooks Online.

What do you mean by "customer"?

QuickBooks Team

Re: Advance payments from customer

Thanks for getting back, @Malcolm Ziman.

 

Allow me to add more details and update the answers above.

 

If I can help you with something else, please let me know. We'll do our best to help. 

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