Estimate to Invoice

AlGuzman13 · ‎January 31, 2021

I created an estimate of 2600 plus NJ tax of 6.625% - Total - $2,772.25

I then created an invoice for Down payment of $300 which was paid

I then converted the Estimate to an invoice

The total on the invoice should now be 2472.25 but it show up as 2452.38 which means it calculated the sales tax on the $

300 paid. When I created the down payment invoice I set it to not include the Tax. How do I get the corrected amount of 2472.25 to show up on my invoice and not the 2452.38 amount?

Down Payment invoice which I thought I set to not include taxes

The Estimate #1001 is correct - how do I correct to show the correct amount due? should be 2772.25 - 300 = 2472.25

AlexV · ‎February 01, 2021

Thanks for reaching out to us, AlGuzman13.

When you convert an estimate to an invoice, the tax is based on the invoice amount. Since the $300 is set to non-taxable and paid already, what we can do here is to adjust the tax on the second invoice.

Once you converted the remaining estimate to invoice, click the See the math next to the tax amount. On the Let's calculate your tax rate window, click Override this amount. Enter the correct tax ($172.25) in the Amount field and select a Reason, then tap Confirm and Close.

Make sure that the second invoice total amount is $2472.25 before you save it. For more details, here's how to set up and send progress invoices in QuickBooks Online.

Leave a comment below if you need anything else. Have a nice day!

View solution in original post

AlexV · ‎February 01, 2021

Thanks for reaching out to us, AlGuzman13.

When you convert an estimate to an invoice, the tax is based on the invoice amount. Since the $300 is set to non-taxable and paid already, what we can do here is to adjust the tax on the second invoice.

Once you converted the remaining estimate to invoice, click the See the math next to the tax amount. On the Let's calculate your tax rate window, click Override this amount. Enter the correct tax ($172.25) in the Amount field and select a Reason, then tap Confirm and Close.

Make sure that the second invoice total amount is $2472.25 before you save it. For more details, here's how to set up and send progress invoices in QuickBooks Online.

Leave a comment below if you need anything else. Have a nice day!

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