Discover a Partial Payment Invoice Example for Staffing

Partial payment invoice example for Staffing

hello everyone and welcome to another tutorial with EC QuickBooks training today we're going to cover a question that someone asked about applying payments to invoices however the payments are just partial payments to the invoices how you can record the payment and then whatever is left over on the invoice um just close it out so um I will show you um what we're talking about here we have an invoice that's $11,000 and we're going to apply $900 let's just say 10% the customer keeps for let's just say broker fee so let's apply the payment we go to receive payments we apply $900 and as we do that you can see right here it says under payment of 100 do we want to leave this as an under payment or do we want to write WR off this extra amount we want to click write off an extra amount and when we click save and close we get this um let me bring it down write off amount window where we can select what account we want to write it off into so I've selected broker fee and we click okay now let's take a look at the financials and see how it looks we have the income of a th000 and a broker fee of 100 we build the customer $1,000 but we only received our girls profit was $900 we only received $900 so this is a way that we can record partial payments to invoices when the customer the client is keeping some of the payments themselves thank you for watching EC QuickBooks training and please subscribe to our Channel if you haven't yet and also don't forget to visit our website at e QuickBooks training.com thank you