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One of my bookkeeping clients uses Quickbooks Enterprise and wants to record deposits received by their customers but does not want the invoice created until a later date when the actual work is completed. I only found one explanation of how to do this and it said to set up a liability account for the deposits received. Is that the ONLY way to record this? I was hoping for a much easier process for the office staff to follow.
I'm new to QB Online so please bare with me! I have just become incorporated and I transferred all of my funds from my sole trade account over to my ltd company as a directors loan account as my accountant said this was the best route to dealing with the money I had in the account. Now a few of the payments made into the old sole trade account should have come into the ltd account but for one reason or another didn't. This cash came over in the transfer. My question is how do I attribute the invoices I am now making to log the payments to the loan that came over from the sole trade account? Thanks!
