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J
Just a username
June 3, 2022
Question

Estate Agent Payments…

  • June 3, 2022
  • 1 reply
  • 0 views

We get paid by our esstate agent after they have taken their 10% fee, and add VAT.

 

Some payments, they may send less as repairs, etc could be deducted.

 

So we may get a payment of £440 - for a rent payment of £500.


How to automatically handle this in Quickbooks without having to manually entering invoices for each rental payment each month?

 

1 reply

C
ChristineJoieR
June 3, 2022

Good day, @Just11 a username.

 

In QuickBooks Online, we can create a scheduled transaction, so you don't have to enter them manually. I'm here to help you how to create a recurring invoice.

 

Recurring templates are created for transactions such as expenses and invoices, except for bill payments, customer payments, and time activities.

 

For recurring transactions, QuickBooks does not support past start dates. To proceed, you need to choose the most recent or future date on the template.

 

Once done creating invoice, You can now set up recurring transactions for future invoices.

 

 Follow the steps below:

 

  1. Navigate to Settings.
  2. Choose Recurring transaction.
  3. Choose New.
  4. Choose the type of transaction you want to create, then click OK.
  5. Enter a name for the Template.
  6. Choose between Scheduled, Unscheduled, and Reminder.
  7. Complete the fields and select Save template.

 

To learn more about creating scheduled transactions, see this article: Schedule recurring transactions created with a template.

 

In addition, this article will explain how to run a basic financial reports: Run report in QuickBooks Online.

 

Please know that I'm a few clicks away to help if you have any other questions. Just mention me in the comment section below. Keep safe!

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