In QB Desktop - If the type is "Payment" in item list, how is that handled in QBs for accrual method of accounting? The partial payment is "unearned revenue". Though I have already entered an invoice, I am trying to find the best method of keeping track of partial payments customers make, without calling them a "sale", but calling them a "liability" until the final payment is made for the invoice in full. I will deposit the check I receive from a customer into my one general bank account the day I receive the check, so how (if create a credit memo), get it to undeposited funds account, so I can make my deposit and record the partial payment?