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July 14, 2022
Question

I want to create a sale that says Johnny agreed to pay $500. This way I can actually track who owes me money. Then, I want to invoice Johnny for $250 of the total.

  • July 14, 2022
  • 2 replies
  • 0 views
The sale is $500.  How do I actually create a line in my accounting software to show that I sold a product for $500?  Then, how do I actually bill for less than the total?   

2 replies

July 14, 2022

I'm happy about your sales, BigTexan1492.

 

To create a line for the sold products, you can utilize the bundling feature in QuickBooks Online. You can create an inventory or non-inventory item for the product you sell and then bundle the items.

 

Here's how to create a new product:

 

  1. Go to the Gear icon.
  2. Select Products and services.
  3. Choose either Inventory or Non-inventory items.
  4. Enter a Name for the product.
  5. In the Category dropdown, select the category that best describes your item.
  6. If you sell the item, confirm the checkbox is selected for I sell this product/service to my customers.
  7. In the Description on sales forms field, enter a description. This is what your customers will see on their sales form.
  8. Enter an amount in the Sales price/rate field. 
  9. Select the Income account ▼ dropdown and the account you want to use to track the sale. 
  10. Fill in the rest of the necessary information, then hit Save and close.
  11. Repeat the same process for the other item.

 

These are the steps to bundle the items:

 

  1. Go to the Gear icon.
  2. Select Products and services.
  3. Choose Bundle.
  4. Enter a name in the Name field.
  5. In the Product/Service column, add those items you want to include in the bundle.
  6. Once done, hit Save and close.

 

You may now create an invoice to keep track of your sales after everything is setup. Before sending the invoice to your customer, you can edit the price of those items so it will reflect only the amount less than the total amount. Change it back to the original pricing after you send it to know how much money they owe you.

 

I also advise contacting your accountant. They may use a different method for recording the transaction.

 

For future use in documenting invoice payments, I've included the following article for a complete guide: Record invoice payments in QuickBooks Online.

 

Let me know if you have additional questions about the procedure for recording your sales. I'll be around to help you.

February 22, 2025

Jimmy have add to your payroll weekly allowance 2000$ for first payment 💸 

February 22, 2025

Greetings to you, 08100693232.

 

About the statement you have replied to this thread, do you mean it is about how to record the weekly payment allowance with the amount of $2,000? If so, you can record it via Sales Receipt. The steps are provided below.

 

  1. Click on the + New button and choose Sales Receipt.
  2. From the Customer dropdown menu, select the appropriate customer. If the customer has not been set up, click + Add new to create a new entry.
  3. In the Select a product/service dropdown, choose the product or service sold.
  4. You may adjust the quantity or rate in the Qty and Rate fields.
  5. Complete any other necessary fields in the sales receipt, and then click Save.

 

After recording it in the Sales Receipt, the payment can now be deposited. You can open this article for reference: Deposit payments into the Undeposited Funds account in QuickBooks Online.

 

However, if your concern is related to QuickBooks Payroll, can you please elaborate or explain further what you mean so we can directly assist you promptly?

 

We're excited about your response to this concern about the weekly payment allowance, and the Community is happy to provide a resolution promptly.