Created with Sketch.Learn about PPP and Loan Forgiveness, stay informed with the latest changes.
Created with Sketch.Need help with 1099's or other Year End topics? Visit our Year End Resources page.
Created with Sketch.New to QuickBooks or using a new product? Visit our Get Started resource page to help you get going.
Created with Sketch.Need to make changes to your account? Visit the Account Manager Portal.
cancel
Showing results for 
Search instead for 
Did you mean: 
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 October 13, 2017

Best Answers
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
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

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

 

Need to get in touch?

Contact us