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Level 1

Split payments for an invoice.

Hi fellow Quickbooks users.

 

My question is how could I split the invoice into 2 payment period (1st half and 2nd half)?

 

My Excel invoice usually in this type:

 

A1 Fee due to ABC company (which is % of Total value transaction that we get)

A2 Gross Receipts Tax (Tax for the "Fee due to ABC")

A3 Total Commission Due (= A1+A2)

A4 First Half Commission Due ( = A3/2 )

 

After I get the first half payment, I will add another cell called Payment Balance Due (which is =A3/2 as well). 

 

I would like to know if there is a way to do this in Quickbooks without creating 2 separate invoices. 

 

Thanks. 

 

 

(Title has been edited by moderator for clarity)

Solved
Best answer 10-13-2017

Best Answers
Highlighted
Level 15

Split payments for an invoice.

In QBO, no there is not, two invoices will be needed

 

In QB desktop, in preferences turn on progress invoiceing, and do a partial invoice from an estimate

View solution in original post

2 Comments
Highlighted
Level 15

Split payments for an invoice.

In QBO, no there is not, two invoices will be needed

 

In QB desktop, in preferences turn on progress invoiceing, and do a partial invoice from an estimate

View solution in original post

Highlighted
Level 6

Split payments for an invoice.

Hi

You could also read about Delayed Credit.  The following is the link -

https://community.intuit.com/questions/1581188-exactly-how-do-i-set-up-a-delayed-credit

 

Along with this article may also prove usefull -

 

https://community.intuit.com/questions/1573690-can-you-apply-a-partial-credit-from-a-delayed-credit

 

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