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March 29, 2023
Question

How do you input lottery payments and invoices?

  • March 29, 2023
  • 1 reply
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1 reply

Rubielyn_J
March 29, 2023

Hello there, fluff147.

 

In QuickBooks Online, entering lottery payments and invoices is simple. I'll show you how: 

 

  1. In your QBO account, click the + New button and choose Invoice.
  2. From the Customer ▼ dropdown, select a customer. 
  3. Review the Invoice date. Then from the Terms ▼ dropdown, select the due date. 
  4. From the Product/Service column, choose a product or service.
  5. Enter a QuantityRate, and Amount if needed.
  6. Select a VAT rate
  7. Lastly, click Save and Close.

 

Once done, you can receive and record full or partial payments. 

 

  1. Select + New and click Receive payment.
  2. From the Customer dropdown, choose the name of the customer.
  3. From the Payment method dropdown, select the payment method.
  4. From the Deposit to dropdown, select the account you put the payment into. 
  5. In the Outstanding Transactions section, choose the checkbox for the invoice you're recording the payment on.
  6. Enter the Reference no. and Memo if needed. This is optional.
  7. Once done, click Save and close.

 

More information is available via this link: Record invoice payments in QuickBooks Online. It contains instructions for entering a partial payment.

 

Then, I suggest consulting your accountant to learn the categorization when you create an item for a lottery. 

 

You can also utilize this resource to learn how to put money into the Undeposited funds account.: Deposit payments into the Undeposited Funds account in QuickBooks Online.

 

If you have more questions about entering lottery payments and invoices, don't be afraid to leave a remark below. I'll be available to help. Enjoy your day!