Question about Intuit QuickBooks Pro 2007 Full Version (299116)

1 Answer

Posting progress payments

How do I post progress payments toward invoices with out my sales tax showing until the month the invoice is paid for.

Posted by on

1 Answer

  • Level 1:

    An expert who has achieved level 1.

    Hot-Shot:

    An expert who has answered 20 questions.

    Corporal:

    An expert that has over 10 points.

    Mayor:

    An expert whose answer got voted for 2 times.

  • Contributor
  • 32 Answers

If you are paying your sales tax by invoice date - the payments will not affect your liablity. ie you owe the whole amount of sales tax as of the date of the invoice. If you are paying sales tax as of the time of payment. You will owe sales tax at the time you receive payment.
Since you are using progress invoicing, the sales tax would be come due at the time of the invoice. If you are just receiving payments, you would receive payments (as you would with any customer, and not invoice until time of completion. You would just need to make sure that your preference for sales tax due date is set to Invoice date, not time of payment.

Posted on Feb 06, 2009

Add Your Answer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

×

Loading...
Loading...

Related Questions:

1 Answer

Does My Clients Only End Up With 85% Of The Value Of Their Invoices?


No. In invoice factoring setting, the 85% is released within 24 hours of invoices being processed, the remaining 15% is held until the invoice is paid in complete and is then released on your customer, much less a small agreed fee.

Sep 07, 2016 | The Business & Productivity Software

1 Answer

What Are The Advantages Of Factoring?


Big companies increasingly stretch invoice payment from 30 days to 90 days or longer. This puts small operations in a bind because their employee salaries, vendor payments, and taxes are due whether the customer pays or not. The solution for many businesses is factoring. Sell your accounts receivable at a discount and get immediately paid. You get the cash flow you require to meet current working expenses without incurring debt.

Aug 04, 2016 | The Business & Productivity Software

1 Answer

How to change the date of an invoice


If you have already closed the invoices and cannot void them, then you need someone to adjust their date in the database. If you can void them, then change the date of the computer to the date you want on invoice and reenter invoice. This can't be done if it was a credit card sale however. Don't forget to change back the system date.
The first solution involves several tables in database and should only be attempted by someone familiar with SQL and RPE database. I could help.
sysadmin@ccybernet.com
Please return and give me a favorable rating if this helps or is of value to you.
Feel free to email me with more details if need be.

Dec 14, 2011 | Pc America Restaurant Pro Express

1 Answer

QuickBooks Pro 2007 Full Version (299116): Quickbooks Pro 2007 A client overpaid an invoic...


Open the apply payments window and choose the customers name at the top. Click next to the invoice that you want to pay and then at the bottom of the screen look for the button that says discounts and credits. Click on it and then choose credits. The credit should be listed there to apply to the invoice. If you have tried these steps

May 05, 2010 | Intuit QuickBooks Pro 2007 Full Version...

2 Answers

I'm new to quickbooks. Trying to set it up so we


I am currently using the basic version online which may be a little different from your version. With in my version I am able to do that by editting the clients information and then selecting the terms under the section named clients billing information.

once you attempt to type it in you have the option to <<add new>>

I hope this answers your question.
Thank you for visiting FixYa for your solutions.
Susan
PS - Please be sure to leave positive feedback :0)

Apr 20, 2010 | Intuit QuickBooks Premier 2009 Full...

1 Answer

CAN'T CREATE NEW INVOICE


After emailing Nova Deveolment I played with the Invoices & estimates software. I was able to open a new invoice by: Clicking on the "paid" invoices folder and then clicking "New".

Dec 27, 2008 | Nova Development Invoices & Estimates Pro...

1 Answer

Invoices show as paid after saved??


Open Quickbooks.
Go to Edit>Preferences, in the new window, in the left hand column scroll down to Sales and Customers.
Select Company Preferences, make sure at the bottom of the window the box "Automaticaly Apply Payments" is not checked (no tick or cross in the box)

Jul 25, 2008 | Intuit QuickBooks Pro 2002 (260102) for PC

1 Answer

Missing Nominal Reference


when trying to post raised invoices on sage 10 I continually get "missing nominal reference" and have no balances or history showing on any of my customers.

Jan 03, 2008 | Business & Productivity Software

1 Answer

How do i get a customers old unpaid invoice to show up automaticaly on his new invoice?


Under Creat Statements, change your "Statement Period" dates to include last months invoices for the rent. Once you have don that, and picked your customer to send the invoice to, then click on preview. This should show you the statement and should have the right charges on it if they were invoiced.

If this helps, please rate me. Thanks, Patty

Dec 19, 2007 | Business & Productivity Software

Not finding what you are looking for?
Intuit QuickBooks Pro 2007 Full Version (299116) Logo

Related Topics:

295 people viewed this question

Ask a Question

Usually answered in minutes!

Top Intuit Business & Productivity Software Experts

Mark Taylor
Mark Taylor

Level 3 Expert

728 Answers

Mike

Level 3 Expert

4331 Answers

Cindy Wells

Level 3 Expert

4761 Answers

Are you an Intuit Business and Productivity Software Expert? Answer questions, earn points and help others

Answer questions

Manuals & User Guides

Loading...