Thanks for choosing QuickBooks in managing your sales transactions, alext-pobox-com. I'm here to share some insights about how estimates work.
If your customer accepts your estimate by paying a deposit online, a partially paid invoice will be created automatically. The transaction will default to Net 30 payment terms (even if you have a different global setting like Due on receipt or Net 15).
You can modify the due date to make sure the invoice is accurate. Here's how:
- Go to Get paid & pay and select Invoices.
- Find and select the invoice, then select Edit invoice.
- Select the Invoice date field and enter a date in the future that is close to the time work will be completed.
- Click Save.
For more details about this, please see this article: Request and Accept Deposits on Estimates.
If you're not using QuickBooks Payments, you can manually convert the estimates to invoices after the work is done. When the customer accepts the estimate, QuickBooks will automatically update the status for you. However, this won't automatically create an invoice.
To learn more about recording estimates in QuickBooks Online, I'd suggest checking out these resources:
Additionally, I've included these articles that'll help you manage your sales transactions in QuickBooks Online. This way, you'll be able to make sure your record is accurate:
I'm only a few clicks away if you need assistance with your other QuickBooks tasks, alext-pobox-com. It's always my pleasure to help you out again.
