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C
CAM35
November 15, 2024
Question

Generating Statement from an Estimate

  • November 15, 2024
  • 1 reply
  • 0 views

We own a construction firm using QB Enterprise Contractor 24 Desktop.  How do we use the estimate as the beginning balance for a statement? I would like to be able to show the client what they will owe based on their original estimate, less payments applied. WITHOUT having to create an invoice for the entire amount.  Currently, the statements we would like to generate do not show a starting balance which results in an amount due of $0 - so, we are having to manually create the statement outside of QB's.  Any advice would be greatly appreciated.  Thanks, CAM

1 reply

A
Anonymous
November 15, 2024

I know the possible reason why generating a statement from an estimate is not possible in QuickBooks Desktop (QBDT), CAM35. Let me explain it in detail.

 

Non-posting transactions do not affect the totals in your report, nor do they impact the customer's or accounts receivable balances. Examples of non-posting transactions include estimates, sales orders, and purchase orders.

 

Additionally, you can check out this article for step-by-step guidance on reconciling your accounts. It will help ensure your financial records match your bank and credit card statements, reducing discrepancies and improving accuracy. Reconcile an account in QuickBooks Desktop.

 

My primary goal is to help you understand estimates in QuickBooks Desktop (QBDT). I'm ready to assist you further if needed. I'll keep the thread open so you can comment back any time.

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