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Buy nowIt's great seeing you here in the Community, dgon27. Let me share some details about invoice payments with QuickBooks Online.
When you record paid invoices, they are classified as payments rather than deposits. These transactions will be shown as negative amounts, indicating a reduction in your customer's overall balance. This clarity helps ensure accurate financial tracking and understanding of how payments impact account balances.
Moreover, turning on deposits in the Account and settings allows you to add a deposit field. This will enable you to subtract a customer's deposit or partial payment from the total to determine the customer's balance due.
Furthermore, feel free to visit this article for detailed information on how to receive and record invoice payments in QuickBooks Online: Record invoice payments in QuickBooks Online.
Additionally, you can utilize this article to run reports and get a glimpse of your business's financial standing: Run reports in QuickBooks Online.
Lastly, specialists are ready to help you streamline various tasks in QuickBooks, including the invoicing process with our QuickBooks Live Expert Assisted service. This offers personalized guidance to ensure you stay organized and effectively manage your business finances.
Keep us posted if you have other concerns or questions about invoices in QuickBooks Online. We're always here to help.