Hi everybody. I agreed with one of my vendor to pay his invoice in multiple transactions by 180 days. I registered the invoice (dated 12/31/18) and then made the first payment the 24th of January, already downloaded into Quickbooks by my bank account. How can I match this payment and the following with the invoice?
Thank you so much in advance for your answer.
Great to have you today, @Alwaysgoods,
I can help you record your customer payments in QuickBooks Online and match them with your online banking transactions.
There are a few steps we need to do to get you all set. Follow the steps below:
Step 1: Create a Bank Deposit for the partial payment received from the customer.
Step 2: Receive the payment.
Now that the partial payment is already applied to the invoice, you can now match the deposit to your bank transactions. You can check out this helpful article to know more about the process: Add and match downloaded banking transactions
Please update me if you need further assistance so I can get back to you immediately. Thanks for your time today. Have a great day!
In case your customers pay you through Stripe or PayPal, you can use sync apps, so that all the income and fees will be recorded to your QuickBooks automatically and you will be good to go for reconciliation.
Business Payments app will apply multiple payments to the opened invoice in your QuickBooks with no issues, this app looks at the customer open balance.
Hi Jen_D, thank you so much for your quick and kind answer. Unfortunately it's not help with my question. I'm the customer, so I will pay my supplier invoice in few different payment. The procedure you mentioned, didn't solve my question. I hope now my question is more clear.
Hello @Polina - CloudBusiness LLC. thanks a lot for your answer.
I'm the customer in my case, so it's me that have to pay my supplier, not the opposite.
Thanks anyway for your answer.
Thank you for getting back to us, Andrea!
I'm happy to know that this has already addressed. Thanks for @Polina - CloudBusiness LLC in providing a wonderful answer.
To pay your supplier, we'll need to create a check whose affected account is Accounts Payable (A/P). This will create a credit to your supplier profile that you can use to pay your bills. Let me show you how:
Now, when you have your bill, here's how you can apply the check as bill payment:
Please feel free to post again here in the Community or leave a comment on this thread should you have any other questions. Cheers!
Hi @Mark_R . Thanks a lot for your outstanding answer, really clear and helpful.
Unfortunately I don't have the "Bill" future in my Quickbook profile, so I can't use your solution.
Anyway, I really appreciate your help.
Thanks for getting back to me, Andrea!
I'm glad that I was able to answer your question.
If you're using the Simple Start version of QuickBooks, you'll need to upgrade it to either Essentials of Plus first. This way, you can create bills and manage your vendor transactions.
Here's how to upgrade your QuickBooks version:
Here's an article you may read on for your reference: How Do I Upgrade my QuickBooks Online Subscription?
If you have additional questions or concerns, please post again here in the Community or leave a comment below. Have a great day ahead!
Thank you for your reply. Honestly, for just one invoice per year, it's not gonna worth the additional 15$ a month I should pay to upgrade. I will do it in another way.
Anyway, thank you so much for your help!
Hey there, @Alwaysgoods.
I’m glad my colleague was able to help you resolve your concern.
Also, we are working hard everyday to give you the best resolution to your concerns. I appreciate you for sharing with us your experience with our product.
Don’t hesitate to get back to us if you have any other concerns. We’ll be here to help you.
Hi @Alessandra_B ,they didn't find a solution. Apparently the only way is to upgrade my profile to a higher level. Honestly for one invoice a year, it not worth. So I will follow another reccomendation I received from your customer service.
Thank you anyway!
Thanks for getting back to us, Alwaysgoods.
Finding new ways to adapt to our customers’ needs is how QuickBooks gets even better. You may want to submit a feedback directly to our Product Development Team with regards to the service price of QuickBooks Online.
Here's how you can send a feedback:
Please know that you're always welcome to post if you have any other questions. The Community team will always here to help.