Thank you for joining this thread, MrBrown95.
I'm here to share some details about how to hold a transaction so it won't affect your accounts until the service is rendered.
QuickBooks Online uses the Invoice date as the posting date. As a workaround, you can create an estimate since it's a non-posting transaction. It doesn't affect any financial reports or income and expense balances. Here's how:
- Click + New, then Estimate
- Select your customer.
- Fill out the rest of the estimate.
- Hit Save and new, Save and close, or Save and send.
Once the work is complete, convert the estimate to an invoice. This process is called "Progress Invoicing" in QuickBooks. This article provides instructions and detailed steps: Learn how to send invoices over time as you work off an estimate in QuickBooks.
I'm adding these resources as future guidance in recording payments and matching bank transactions.
If you have any other questions, feel free to leave a reply below. I'm always happy to help. Have a great rest of your day.
