PC.3.B.6 - Recording Invoice Payments | Scribe

    PC.3.B.6 - Recording Invoice Payments

    • 7 steps
    • Fast & Easy QBOFast & Easy QBO
    • QuickBooksQuickBooks

    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.
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    Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.

    Hands On Practice

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    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".
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    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

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    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

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    Questions/Problems/Concerns? [Send Feedback](https://www.bookwidgets.com/play/k6rmQMKk-iQAEzXMdagAAA/BEXUQBE/feedback-scrib?teacher_id=6434462993219584)