Yes. Adding an interest service item to an invoice in QuickBooks Online (QBO) can impact your sales for the month, cheryl15115.
It represents additional income earned from providing interest-related services to your customers when you add an interest service item to an invoice. As a result, this will increase your total sales for the month, reflecting the additional revenue generated from the interest charges.
Including the interest service item on the invoice will contribute to your overall sales figures for the period the invoice is dated. This additional income will be factored into your sales reports and financial statements, providing an accurate representation of your business's total sales, including any interest income earned.
You'll want to learn how you can invoice customers for partial payments. Refer to this article: Set up and send progress invoices in QuickBooks Online.
I'll be waiting for your response if you have further questions about managing invoices within the program. The Community is available 24/7. Have a good one.
