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Feb 24, 2024 4:30 PM UTC
Question

How do i go about invoicing a holdback

I have a contract that needed 10 % hold back
the asset account "Holdback" has the the amount in it. 

Now i want to Invoice the contractor for this abount.

1 reply

Feb 26, 2024 2:51 PM UTC

Hi maurice-acadienl,

 

Welcome back to the Community. I'll be happy to steer you in the right direction so you can record the holdback with confidence using QuickBooks. 

 

Based on the details you've shared, I recommend consulting an accounting specialist for expert accounting advice on how to enter the entry in question. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Feel free to ask other questions in the comments below. I'll be on standby.