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Partial payments occur when customers make payments that only cover a portion of the total amount due on an invoice. This can happen for various reasons – perhaps the customer is fulfilling the payment in installments, or they've provided a down payment for a larger project. Whatever the case, accurately...
Whether it's encouraging early payments, managing customer returns, or addressing overpayments, it is essential to accurately apply discounts and credit memos to your customer invoices in QuickBooks Online. In this article, we’ll explain the benefits of incorporating discounts and credits into your invoices in QuickBooks. We’ll also show the steps...
QuickBooks Online provides a streamlined and efficient way to organize your financial transactions by using tags and categories. These tools serve as essential components for keeping your financial records accurate, simplifying reporting, and gaining valuable insights into your business's financial activities.In this article, we’ll discuss tags and categories in QuickBooks...
Cash accounting and accrual accounting are two primary account methods that are widely used to report financial transactions. QuickBooks Online offers users the flexibility to choose between these methods based on their business needs. In this article, we'll explain the differences between cash and accrual accounting in QuickBooks Online to help...
One of the standout features of QuickBooks Online is its customizable dashboard, which allows you to tailor your interface to their specific needs. You can customize the dashboard based on your business's unique financial priorities and goals. This way, you’ll be able to efficiently track the key financial metrics that...
QuickBooks Online offers a purchase order management feature that helps you easily and effectively create, send, and manage purchase orders (POS). This feature helps you better manage your procurement operations and enhance your overall workflow. In this article, we’ll cover how to create and send purchase orders in QuickBooks Online....
Monthly rent, utility payments, and subscriptions can quickly pile up, causing many businesses to struggle with managing their recurring bills. QuickBooks Online offers a solution to this challenge through its recurring bills feature, which allows businesses to automate the entry of recurring expenses.In this article, we'll explain how to set...
When a check from a customer bounces, it can have a significant impact on your business, affecting cash flow, financial records, and customer relationships. It's important to promptly address bounced checks to minimize these effects. QuickBooks Online provides helpful tools to help you manage bounced checks while streamlining the reconciliation...
Credit card refunds occur when a customer returns a purchased item, receives a reimbursement, or experiences an overcharge. Recording these refunds in QuickBooks Online is crucial to ensure accurate financial records and streamline the reconciliation process. In this article, we’ll explain when to enter a credit card refund in QuickBooks Online,...
