Are you trying to build a progress invoice? Not all businesses send their customers a single invoice consisting of the entire charge for a given product or service (or multiple products or services). Depending on the type of business you operate, you may need to send customers multiple invoices, each of which featuring different amounts. Landscaping and other service-oriented businesses, for instance, often use multiple invoices. Even some product-oriented businesses use multiple invoices. Fortunately, you can build a progress invoice in Quickbooks in just a few easy steps.
What Is a Progress Invoice?
A progress invoice is essentially multiple invoices that, as the name suggests, follows a progressive format. Rather than requiring customers to make the full payment upfront, you can send them a sequence of multiple small invoices. Progress invoices are often used for projects. With projects, customers may have to pay for multiple products and services. You can use a progress invoice so that customers can make partial payments towards the completion of the project.
Steps to Building a Progress Invoice in Quickbooks
To build a progress invoice in Quickbooks, you’ll need to enable this feature. This is done by logging in to your Quickbooks account, clicking the “Settings” menu and choosing “Account and settings.” Next, click the “Sales” tab. You should now see a section labeled “Progress Invoicing.” Within this section is an “Edit” button, which you can click to configure the progress invoice settings for your account. For the option labeled “Create multiple partial invoices from a single estimate,” click the adjacent box so that it places a checkmark inside of it. This will enable progress invoicing in your Quickbooks account.
With progress invoicing enabled, you can now build a template to use for your business’s progress invoices. Go back to the “Setting” menu and click “Custom form styles. Next, click “New style” and choose “Invoice. You can now build a template to use for a progress invoice. Templates for progress invoices work the same as those used for traditional invoices. They show a breakdown of the purchased products or services as well as an “amount due” field. The only difference is that progress invoices are broken up into multiple invoices so that customers can make partial payments over time. Once you’ve created a progress invoice template, you can use it as the foundation for your business’s progress invoices.
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