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stelzdesign
Level 1

How do you set up a security deposit on the invoice?

In the mobile app. Need to send an invoice for 50% of the sale and the rest at a later date
1 Comment 1
MaryLandT
Moderator

How do you set up a security deposit on the invoice?

Hello there, stelzdesign,

 

You'll want to use the progress invoicing feature in QuickBooks Online. It will help you set up a security deposit by sending 50% of your sale.

 

Let's start by turning this feature on your settings. Here's how:

 

  1. Go to Settings , then select Account and Settings.
  2. Select the Sales tab.
  3. In the Progress Invoicing section, select Edit ✎.
  4. Select the Create multiple partial invoices from a single estimate checkbox.
  5. Select Save, then Done.

Next, create an estimate for the full sales amount and save it. Once done, make a progress invoice from the estimate and charge 50%. Then, send it to your customer for the security deposit request. See the attached screenshot below for your visual guide.
progressinvoicing.PNG

 

Feel free to read through this article: Set up and send progress invoices in QuickBooks Online for more details about the given steps above.

 

Should you need anything else, don't hesitate to comment below. I'm always around whenever you need help.

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