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Record invoice payments

by Intuit•17• Updated 1 week ago

Learn how to record invoice payments in QuickBooks Online.

Record invoice payments from your customers. This helps you keep track of any remaining balances of your customers.

Record invoice payments in QuickBooks Online

Note: These steps apply to the new version of Receive payment.

  1. Go to + New and select Receive payment.
  2. From the Customer â–Ľ dropdown, select a customer or select + Add new to create a new customer.
  3. From the Payment method â–Ľ dropdown, select the payment method or select + Add new to add a new payment method.
  4. From the Deposit To â–Ľ dropdown, select the account to put the payment into.
    Note: The Deposit To â–Ľ dropdown doesn't appear if you use a merchant account to process payments.
  5. In the Amount received field, enter the payment amount. Payments can be full or partial.
  6. In the Outstanding Transactions section, select the checkbox for the invoices you're recording the payment for.
    • If you select only one invoice, the amount received appears in the Payment column and in the Amount to Apply.
    • If you select several invoices, their open balance also appears in the Payment column. This may exceed the amount you have in the Amount received field. You can adjust the amounts in the Payment column to show the amount received.
    • The Amount received field shows the total amount from the Payment column. Any difference between the amount to apply and the amount received, shows as the amount to credit. Learn how to apply credits to customers.
  7. Select Save and close.

If your customer pays you more or less than expected, you can make changes to a payment receipt easily. 

  1. Follow this link to complete the steps in product Open this link in a new window
  2. Locate and open the payment transaction.
  3. Edit the Amount received field.
  4. Select Save and close.

Note: If you are editing or deleting a transaction linked to others, QuickBooks will automatically alert you.

If you want to delete a payment altogether, locate and open the payment transaction and select More at the bottom of the page, then Delete. Once you have deleted a transaction, it is not possible to reverse this.

  1. Follow this link to complete the steps in product Open this link in a new window
  2. Open the payment you want to delete. If you are not sure which payment is tied to the invoice that you are deleting the payment for, you can also open the payment by going to the invoice and selecting payment on the top right corner of the invoice.
  3. Select More.
  4. Select Void or Delete.

To see the remaining balance for the customer:

Follow this link to complete the steps in product. Open this link in a new window

  1. Find and open the Customer Balance Summary report.
  2. Select Run report.
  3. Review the customer's open balance in the Total column.

Note: When you record partial payments, QuickBooks applies the payment to the invoice line items in order. Additional payments apply to the next line items until the payment is complete.

Record several invoice payments in a single deposit

You can use the Undeposited Funds account to record several payments in QuickBooks. This allows you to combine those payments into one deposit transaction.

Note: Do this only if your bank combines several payments into one deposit.

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