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- Setting Sales and Customers Preferences
- Creating an Invoice
- Previewing Invoices
- Printing a Single Invoice
- Printing a Batch of Invoices
- Emailing an Invoice
- Charging Expenses to a Customer
- Setting Finance Charge Preferences
- Creating a Monthly Statement
- Setting Send Forms Preferences
- Tracking Accounts Receivable
- Receiving Payments for Invoices
- Issuing a Credit or Refund
- Receiving Cash
- Making Bank Deposits
- Receiving Advances, Retainers, and Down Payments
- Issuing Discounts
- Viewing the Open Invoices Report
- Creating a Collection Letter
- Recording Bad Debts
This chapter is from the book
This chapter is from the book
This chapter is from the book
This chapter is from the book
Receiving Payments for Invoices
You’ve received a check from a customer! Now you need to record the payment and indicate that the invoice has been paid. Doing so clears your accounts receivable account and places the funds in an undeposited funds holding area in your QuickBooks file until you deposit the funds. When you actually deposit the money, the undeposited funds account is cleared and cash is increased.
Select Customers, Receive Payments.
Enter the customer’s name in the Received From field.
Enter the amount received.
Confirm the date on which the payment was received.
Enter the payment method.
Enter the check number or other applicable reference number.
Verify that the amounts are applied appropriately to the outstanding invoices by checking the invoices in order of how the
payment will be applied.
If the full amount owing has not been paid, indicate whether you want the remainder to be left as an underpayment or written
off as either a discount or uncollectible.
Click a save option.
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