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Tiffjay
08-20-2010, 09:36 AM
I am new to this and I am looking at accounts that have been set up by the person doing this before me.

WHen I set up an invoice for tuition shouldn't the item(service) that is being used to show up on the invoice be from an income account?

We are trying to set up invoices for tuition. The tuition will be paid over the next 10 -12 months. I would like to have the total amount due on the invoice with the amounts that have been paid and then how much the monthly amount that is due for that month be the in the amount due. But all the invoices that i see only show the total amount due and not the monthly amount due. Can anyone explain how I can show the monthly amount due?

Joe Williams
08-21-2010, 02:20 AM
The invoice will post to income on the invoice date for the full amount of the invoice.
You can use Estimate to list the full amount and then generate a an invoice for percentage of the invoice ( .0833 for 1/12 of the invoice).
Test this in a sample company file so you do not mess up your regular company file.