Invoice, Receive Payment, Deposit in QuickBooks Online

In this video, we answer a viewer question about how to manage the process of invoicing customers, receiving the payment, and recording the deposit in QuickBooks Online.

One common mistake new QuickBooks users can experience is creating an invoice, depositing the payment for the invoice, and seeing double the income on the profit and loss statement while still showing an open invoice.

The correct process will receive a payment to the invoice, closing it out, and matching that payment to the deposit that clears the bank. Now, you'll be able to see accurate income numbers (and avoid paying tax on an overstated income amount!) and know which invoices have been paid and deposited.
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Worldwide Bookkeeping is a virtual bookkeeping service based out of Kansas City, serving clients throughout the United States. You can be located anywhere in the world and still get service like you were in the office with us!

We help business owners do more of what they they do best - running their business. We feel bookkeeping and accounting is such a huge part of the success your company has.

Our goal is to improve every clients' business. Whether you need help identifying expenses that can be cut or need help achieving the growth you're seeking, we work tirelessly with you in pursuit of that dream.

David Ono is a QuickBooks Certified ProAdvisor and has 13 years of bookkeeping experience.

Видео Invoice, Receive Payment, Deposit in QuickBooks Online канала Worldwide Bookkeeping