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Posted by QBConsultant on February 1, 2008, 10:53 am
Please log in for more thread options > wrote:
>
> > We use 2007 Pro, contractor edition. Many of our jobs are paid in thirds=
.
> > Could you tell me the correct way to handle the money taken in before th=
e
> > job is complete and the final payment is made? =A0Thanks. =A0 -Allen Tho=
mpson
>
> To start, unfortunately I do not have contractor edition, but I have
> 2007 qb pro. =A0However, you should have an option to create progress
> invoicing. =A0IN qb pro i think its 'edit:preferences: jobs and
> customers' then company preferences. =A0it works ok.
>
> One thing I found with qb anyway is that their editions, like qb PRO
> and qb ONLINE or in your case perhaps qb contractor they all do the
> same thing but the specifics are called different things, like in your
> version customer job may be called something else.
>
> Best of luck.
Robert is right, you can do progress invoicing. You'll enter the full
amount and then tell QB what % you want to invoice/bill. OR--simply
invoice the full amount. Then when you 'receive payments' that are
partial payments, QB will just keep track on the amount still owed. I
hope that helps!
Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Complete Guide to
Starting and Growing a QuickBooks Consulting Business
http://www.SuccessfulQuickBooksConsulting.com
http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-...
Advanced Certified QuickBooks ProAdvisor
Member of Intuit's Certified Trainer Network
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