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Subject Author Date
lease to purchase setup George Whodunnit 10-23-2006
Posted by George Whodunnit on October 23, 2006, 3:11 pm
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 Hello Group.

can someone tell me the best way to setup a lease to purchase item?
the customer is basically buying the product out over 24 payments. the
inventory needs to go down by only 1 item, but i need to generate 24
montly invoices for the product. I have QB Pro 2006. Thanks group.
Dave.

Posted by Allan Martin on October 23, 2006, 3:30 pm
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> Hello Group.
>
> can someone tell me the best way to setup a lease to purchase item?
> the customer is basically buying the product out over 24 payments. the
> inventory needs to go down by only 1 item, but i need to generate 24
> montly invoices for the product. I have QB Pro 2006. Thanks group.
> Dave.


Just issue one invoice and indicate that it is payable over 24 monthly
installments.




Posted by George Whodunnit on October 23, 2006, 3:44 pm
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wrote:

>
>> Hello Group.
>>
>> can someone tell me the best way to setup a lease to purchase item?
>> the customer is basically buying the product out over 24 payments. the
>> inventory needs to go down by only 1 item, but i need to generate 24
>> montly invoices for the product. I have QB Pro 2006. Thanks group.
>> Dave.
>
>
>Just issue one invoice and indicate that it is payable over 24 monthly
>installments.
>
>
Thanks, but that's not what I asked. Anybody with a real answer? I
need to issue 24 invoices, for 1 inventory item.

Thanks again. Dave.

Posted by Ron Anderson on October 23, 2006, 5:06 pm
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No you need to issue 1 invoice and 23 statements. Along with any luck 24
payments received.


--
Ron Anderson A1 Sewing Machine
PO Box 60, Sand Lake, NY 12153
518-469-5133
http://www.singera1sewing.com
http://www.a1sewingmachine.com
> wrote:
>
>>
>>> Hello Group.
>>>
>>> can someone tell me the best way to setup a lease to purchase item?
>>> the customer is basically buying the product out over 24 payments. the
>>> inventory needs to go down by only 1 item, but i need to generate 24
>>> montly invoices for the product. I have QB Pro 2006. Thanks group.
>>> Dave.
>>
>>
>>Just issue one invoice and indicate that it is payable over 24 monthly
>>installments.
>>
>>
> Thanks, but that's not what I asked. Anybody with a real answer? I
> need to issue 24 invoices, for 1 inventory item.
>
> Thanks again. Dave.



Posted by George Whodunnit on October 23, 2006, 6:01 pm
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ok, any way to invoice the full amount, and apply a "loan" from my
company to pay the full amount of the invoice, and invoice the
customer 24 month installments to pay off the loan maybe? I would
prefer the customers balance to reflect the monthly payment, rather
than the full amount owing.

On Mon, 23 Oct 2006 21:06:01 GMT, "Ron Anderson"

>No you need to issue 1 invoice and 23 statements. Along with any luck 24
>payments received.


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