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If you are an existing QuickBooks Mac user, you are familiar with the basic terminology used in QuickBooks products. However, if you are a new user, then you will need to get up to speed quickly on how to use QuickBooks Online. QuickBooks Desktop for Mac 2019 is back and better than ever! QuickBooks Desktop for Mac is back and better than ever. It helps you organize your business finances all in one place so you can be more productive. Simple to set up and use.
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By default, QuickBooks for Mac does not have an option to invoice in installments enabled in the software's settings. QuickBooks refers to installment invoicing as progress invoicing, a setting made available when you enable the job-estimating function. Small businesses that invoice their customers when certain goals are reached in a project can use progress invoicing in QuickBooks to keep track of money owed. QuickBooks calculates the amount previously invoiced to ensure you don't exceed the estimate.
1.Click 'QuickBooks' in the top menu bar. Select 'Preferences' and 'Sales & Invoicing.'
2.Click the check box next to 'Customer and/or job estimates are prepared' to place a check mark in the box. A warning message appears informing you that the program needs to close all open QuickBooks windows to make the change. Click 'OK' to continue.
3.Click the check box next to 'I want to create progress invoices from estimates' to place a check mark in the box. The warning message appears again. Click 'OK' to continue and then exit the 'Sales and Invoicing' window.
4.Locate the new 'Estimates' icon in the 'Customer' section of the main window and click it, or click 'Customers' on the top menu and select 'Create Estimates.'
5.Enter the information for the estimate and click 'Save' at the bottom of the 'Estimates' window.
6.Click 'Create Invoice' at the top of the 'Estimates' window to open the 'Create Progress Invoice' pop-up window.
7.Select 'A percentage of the estimate' if you want to create installments based on a percentage of the entire estimate or 'Only certain items or different percentages for each item' if you want to create installments based on specific items in the estimate. If you choose 'A percentage of the estimate,' enter the percentage amount in the text box.
8.Click 'OK.' The invoice is created if it is based on a percentage of the entire estimate. If you chose to create installments based on specific items, the 'Specify Invoice Amounts' window appears. Select the items you are invoicing, enter the amount for the items and click 'OK' to create the invoice.
9.Change any information in the invoice window as needed, such as the date and invoice number, and click 'Save' to save the first invoice installment.
10.Create the remaining installments using the same procedure. After creating the first invoice, a new option, 'Remaining amounts on the estimate,' appears when you click 'Create Invoice.' When you make this selection, an invoice billing for the remainder of the estimate is created.
References (1)
About the Author
William Pullman is a freelance writer from New Jersey. He has written for a variety of online and offline media publications, including 'The Daily Journal,' 'Ocular Surgery News,' 'Endocrine Today,' radio, blogs and other various Internet platforms. Pullman holds a Master of Arts degree in Writing from Rowan University.
Cite this Article Choose Citation Style
Pullman, William. 'How to Invoice in Installments in Quickbooks for the Mac.' Small Business - Chron.com, http://smallbusiness.chron.com/invoice-installments-quickbooks-mac-47257.html. Accessed 18 November 2019.
Pullman, William. (n.d.). How to Invoice in Installments in Quickbooks for the Mac. Small Business - Chron.com. Retrieved from http://smallbusiness.chron.com/invoice-installments-quickbooks-mac-47257.html
Pullman, William. 'How to Invoice in Installments in Quickbooks for the Mac' accessed November 18, 2019. http://smallbusiness.chron.com/invoice-installments-quickbooks-mac-47257.html
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