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Old 02-11-2011, 05:59 PM
northxnortheast northxnortheast is offline
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Cool Invoice to be paid in installments

How is the best way to handle this? I need to send a $15,000 invoice to a client, to be payable in 4 quarterly installments: $4,500 (immediately), $4,500 on 4/1; $4,500 on 7/1, and $1,500 on 9/1. Would you just issue 4 different invoices, or issue a $15,000 invoice with 4 line items, re-send the invoice on each on each of the 4 due dates, and manually mark each line item as paid? There must be some very simple Best Practice here, but I cannot find the "best practice' after searching high and low. All work is performed and delivered. THANKS!
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Old 02-11-2011, 06:19 PM
cojhl2 cojhl2 is offline
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Create one invoice for 15k. Then as each payment is made assign it to the invoice. If you wihs then send the same invoice each quarter and it will reflect the payments made against it up to that time.

I would not have 4 line items and certainly would not change the invoice once it's created. QB will take care of the balance.
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Old 02-11-2011, 06:21 PM
northxnortheast northxnortheast is offline
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Thanks - I knew there was a simple answer to this. But first time I have set up installment payments. I owe you one. Thanks again.
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