PC.3.B.6 - Recording Invoice Payments
- 7 steps
ProAdvisor Challenge
This exercise is a ProAdvisor Challenge provided by Intuit. To find the original, log in to your QuickBooks Online Accountant (QBOA) account, then follow this path:
- In the left navigation bar, hover over ProAdvisor, then click **Training**.
- Click the **Training Library** tab.
- Click **QuickBooks Online** to expand (it may already be expanded).
- Click on the **Sales & customers** tile.
- Click **Beginner Skills** to expand, if necessary.
- Click on the **6. Recording invoice payments** section.
The exercise can be found towards the bottom of the page, under ProAdvisor Challenge.
*Note: You may need to click through some buttons as you scroll down and answer the Knowledge Check before having access to the ProAdvisor Challenge section.*
The Sample Company
1
To complete this exercise, you must be in the Sample company. To get into it, click on the Gear icon on the top right corner of the screen, then select Sample company.
Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
Hands On Practice
Now let's get started with the exercise.
Here’s what you need to know:
- The payment is from John Melton
- The invoice number is #1007
- John paid the remaining amount of the invoice ($450) in cash
- Use the current date to record the payment
- Deposit the payment to the Checking account
2
Click the "+New" button, then select "Receive payment".
3
In the Customer field, select "John Melton".
The Payment date field can be left as is.
4
In the Payment method field, select "Cash".
5
In the Deposit to field, select "Checking".
6
Click the "checkbox" next to Invoice #1007.
7
Ensure the Amount received field matches the total of the open balance, then click "Save and close".
🏋️♀️ Get More Practice
This exercise was featured as an Exercise of the Week in the QBO Gym. Do more hands-on exercises just like this by joining our FREE, 5-day Bookkeeping Challenge. [Just click here.](https://www.fastandeasyqbo.com/gym5)
📝 Feedback
Questions/Problems/Concerns? [Send Feedback](https://www.bookwidgets.com/play/k6rmQMKk-iQAEzXMdagAAA/BEXUQBE/feedback-scrib?teacher_id=6434462993219584)