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Can I record receipt of part payment?
I have received part payment of an invoice. How do I record this?
Solved! Go to Solution.
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The only solution I was told was to re-issue the invoice as 2 separate invoices. So you would have to credit the existing invoice and raise 2 separate invoices, one for the paid amount and another for the remaining balance... this is because the "invoicing" part of QBSE is not part of the ledger itself and figures do not appear on your tax return. QBSE is for small cash basis sole traders only so if you are requiring "Debtors reports" you will need a business licence from QuickBooks.
I hope this helps guys
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Yes, you can partially pay an invoice in QuickBooks
Desktop, Zoe.
Simply open the invoice, hit the Receive Payments icon, and update the Payment field. (see screenshots). When you open it back, you’ll see an updated balance due amount.
That’s it. If you have other questions, please let me know.
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Thanks for dropping by. For the Self Employed version, you can click the Mark as paid option in the Action column. See more details about invoicing in QBO Self employed here: <a rel="nofollow" target="_blank" href="https://community.intuit.com/articles/1592027">https://community.intuit.com/articles/1592027</a>.
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Id like to know this too please! As id like to invoice for a full amount, for example £250. But show that £50 deposit has been paid and that the outstanding balance of £200 still needs to be paid by whatever date.
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Hello EtherealBirth,
You cannot mark invoices as partially paid within Self Employed - you will need to create 2 invoices as mentioned in Mia-Baptiste's answer above.
Thanks,
Talia
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Is part payment possible with the Simple Start version or only the Essentials and Plus version?
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Hi pilot87
If you create an invoice and then receive only partial payment, select receive payment > in the payment date box ensure you enter the date you received the payment > in the amount received box enter the amount that you actually received > save and close. When you receive the remaining amount select receive payment > ensure you enter the correct date > save and close.
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Hi John,
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Hi pilot87
I apologise, the information I provided you related to our small business product, which I incorrectly assumed you were using.
If you have created the invoice you can edit the invoice and enter the amount you actually received however you would then have to create a new invoice for the remaining amount.
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Hi John,
Thats a pretty poor way of going about it from an accounts perspective. I will therefore need to upgrade my account. Is the partial payment feature available on the Simple Start business version?
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Hi pilot87,
Yes you would be able to record partial payments against invoices using the Simple Start account.
There are many differences between the two products, so you might want to take a trail of the Simple Start before you make the switch.
You can see the differences and take a trail here: https://https://quickbooks.intuit.com/uk/
Thanks :)
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I found by editing the existing invoice (removing a part of the work) then creating a new invoice with the work or amount removed from original invoice.
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Here’s how I recorded a partial payment in self employed:
1. Open the invoice
2. created an “item” (in my case, the created item said ‘paid deposit’)
3. Used a flat rate and added a negative amount for the deposit paid.
It’s really stupid that it can’t be done in this program and only certain versions offer partial payments!