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not sure what question intuit was answering, but it sure was not this one.
Receive payment from the customer in QB in full
then use make deposits, select the bank account and enter the full amount
on the next line select the expense account(s) for the materials and enter the amount paid for the expense as a negative number
save the deposit
Let me help you in recording the payment, a-r-case22.
If you recorded an invoice, you can also record a payment and let's deposit it first into your Undeposited Funds. That way, we can deduct the expense for materials purchased by your project lead when you deposit it to the right account. Please refer to this article on how to record invoice payments in QuickBooks Online.
When doing a bank deposit, let's add a negative amount for the purchased materials and make sure to post it to an expense account. You can follow these steps:
You can also read this guide if you need to enter billable expenses.
Comment again if you have more questions. Have a wonderful day!
not sure what question intuit was answering, but it sure was not this one.
Receive payment from the customer in QB in full
then use make deposits, select the bank account and enter the full amount
on the next line select the expense account(s) for the materials and enter the amount paid for the expense as a negative number
save the deposit
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