• Prepayments and Retainers in QuickBooks

  Filed under Insider Tips, Money In, Special Transactions
  Feb 22
  Need a cash boost for your business?

  Start requiring prepayments or retainers for your new service projects or product orders!

  In this QuickBooks video training lesson, you’ll not only learn how totrack these kinds of transactions two different ways, but you’ll also learn why this is a smart choice to start collecting up-front money in your business. It’s truly a win-win situation for you and your customers!

  

  What about you?

  Share your experiences and suggestions for starting a “pay-up-front” policy. Just leave a comment right here on the blog.

  ~Gabrielle

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  QuickTip Resource

  The cash-boosting advice in this episode of QB QuickTip is just one of the 25 cash maximization strategies contained in my special report, Cash Flow Kick-Start. If you want to kick up your cash flow for this year, and build a sustainable system to grow your business in the process, then you’ll want to check it out at ==> www.CashFlowKickStart.com

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  4. Clean Up Your QuickBooks Data File
  5. How To Use the Accountant’s Copy

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  Tagged as: cash, cash flow, deposits, fast cash, Prepayments, retainers
  
  3 Comments

3 Responses to “Prepayments and Retainers in QuickBooks”

1. QB QuickTips » Blog Archive » Improve Cash Flow with Pending Invoices said on October 26th, 2009 at 11:22 am

   [...] Prepayments and Retainers in QuickBooks [...]

2. 

   Katie said on January 11th, 2012 at 5:53 pm

   I have a Net 30 customer that would like us to run their credit card on the due date for the full amount of an invoice. Is there a way to set this up for Quickbooks to do this automatically?

3. 

   Gabrielle Fontaine said on January 17th, 2012 at 4:30 pm

   You can do automatic billing using QuickBooks, if you’re using Intuit Merchant Services. You can only do it, however, if you are charging the client the same amount each month. If the amount of your invoice changes from month to month, you cannot use automatic charges to their credit card. That’s because they need to authorize the charge each time.

   Here are a couple of links that may help you for setting up the recurring payments with your client:

   How it works (using Intuit merchant services)

   Step-by-step instructions

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