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Old 07-15-2017, 04:30 PM
Cspar Cspar is offline
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Join Date: Jul 2017
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Collecting deductible payments ?

Hello all, I need some assistance with setting up qb online. We are a auto repair facility and often collect deductible payments from customers I need to set this up so the invoice shows the bill minus the deductible payment from the customer
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Old 07-17-2017, 03:29 PM
Lorin Browning Lorin Browning is offline
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Join Date: Apr 2004
Location: Landrum SC
Posts: 653
Hello cspar, I need a little help in understanding your situation before attempting an answer.

Is this a situation in which your company is making a repair and the customer is paying a deductible amount and an insurance company is paying the balance?

Or is this a situation in which your company is making a repair and is requiring a down-payment before work begins?

These two situations are not treated the same way. Thanks for your assistance.
Lorin Browning, Ph. D.
Fellow -- National Tax Practice Institute
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