I'm here to assist you with recording a down payment in QuickBooks Online (QBO), Olive.
To begin, let's create a liability account to track the down payment we receive from your customers.
Then, let's create a retainer item to record the down payment amount.
You can now create either a sales receipt or an invoice for the down payment that you'll receive. Please refer to this article and follow Step 4: Record a retainer or deposit. Then, follow Steps 5 and 6 to turn the down payment into a credit and transfer the funds to your operating account.
Additionally, you can generate customer reports to get an overview of your business's customer activity.
Please return to this thread if you have other concerns with down payments in QBO. We'll be here to help.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here
These cookies are strictly necessary to provide you with the services and features available through our site. Because these cookies are strictly necessary to deliver the site, you cannot refuse them without impacting how the site functions.
These cookies are used to make advertising messages more relevant to you and your interests. They also perform functions like preventing the same ad from continuously reappearing, ensuring that ads are properly displayed, and in some cases selecting advertisements that are based on your interests.