I'm glad to provide additional insights about requesting project deposits in QuickBooks Online (QBO), wegerm.
QBO recently released the new version of estimates and invoices for your customers to commit to your projects.
You can request a deposit from an estimate if you're using QuickBooks Payments and the new version of estimates. Then, QuickBooks automatically:
- Marks the estimate as accepted.
- Converts the estimate to an invoice.
- Records the deposit as a partial payment on the new invoice.
I'm adding this link in case you find this interesting for your business: Request and accept deposits on estimates in QuickBooks Online. It'll also help check if you're seeing the updated version of the estimate.
If your estimate isn't updated, don't worry, our Product Team is migrating all QuickBooks account by batch. Once you see the update on your company file, you can start using the new estimate.
For now, you can use the progress invoicing process for accepting partial payments on projects.
Leave a comment below if you need additional information about requesting project deposits. I'm always around to provide steps and related articles to help you with the process.
