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.

Receive Payments for Invoices

Select Receive Payments from the Customers menu.


Click the Receive Payments icon on the Home page to go immediately to the Receive Payments dialog box.

Enter the customer's name in the Received From field.

Enter the payment method.

Confirm the date on which the payment is received.

Enter the amount received.

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 uncollectible.

Click a save option.

Show Me. QuickBooks 2006
Show Me QuickBooks 2006
ISBN: 0789735229
EAN: 2147483647
Year: 2005
Pages: 328
Authors: Gail Perry © 2008-2017.
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