How do I enter a deferred payment (client paid this year, project is now put off to next year)?

Hi Montrealer,

It's great to hear that the project goes on at a future date!  With QuickBooks Online you can record the transaction as a delayed credit that won't impact sales reports until it's applied to an invoice.  I'd be glad to show you how!

To create a delayed credit, follow these steps:

1. Go to + New and select Delayed credit

2. Choose the Customer Name from the Customer drop-down arrow

3. Enter the details and click Save and Close when you've finished

Here's how to apply it the next time you invoice the customer:

1. Select + New

2. Choose Invoice

3. From the Customer dropdown, select the customer. This opens a window with all open transactions for the customer, including invoices and delayed credits

4. Locate the delayed credit and select Add. This applies the credit as a line item to the invoice.

5. Fill out the remaining fields

6. When you're done, hit Save and close

Note:  You'll need to take into consideration, that adding a delayed credit to an invoice from a previous accounting period will affect the balances.  If you're uncertain about proceeding, I'd recommend reaching out to an accountant.  If you don't have one we can help you find one in your area by following this link.

If you have any other questions or concerns, please reach back out.  We'd be happy to help you!