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I collect tuition from my students. When enrolling, they leave a down payment then make monthly payments. How do I invoice un-earned money?

 
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QuickBooks Team

Re: I collect tuition from my students. When enrolling, they leave a down payment then make month...

Welcome to the Community, liscbarberprogra!

 

Let's create a deposit or retainer to invoice the un-earned money to your QuickBooks Online.

 

Here's a summary of the steps we need to perform.

 

   1. Create a liability account to track retainers.
   2. Create a retainer item.
   3. Create a trust liability bank account.
   4. Create sales receipts for deposits or retainers.
   5. Invoice customers for deposits or retainers.
   6. Turn retainers into credits on invoices.
   7. Transfer funds from your trust liability account to your operating account.

 

You can read this article for the detailed steps: How to Record a Retainer or Deposit.

 

Feel free to leave a comment below if you have any other questions. Have a blissful day!

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