12 Dec 2017
Within the Quickbooks pay bills tab, you have the privilege to add or edit payment details that you are to make to a vendor. You can even make payments and maintain partial entries of the same within the program. Furthermore, you can even change the account and even modify the payment method so as to maintain books of accounts as per your needs. Such is the beauty of maintaining books with Quickbooks as you never maintain physical records and you still remain manageable.
Before we can answer how to pay a partial bill in Quickbooks, it is important to know how to actually make payments from Quickbooks…?
To answer this simple question, just read the steps below:
If you want to record the partial bill payment within QuickBooks then the process of recording the same will be no different at all. All you need to do is change the billing amount that you have included in the “Amount to Pay” tab.
Within Partial bill payment, the only difference you will notice is that you will have separate entries for the same vendor.
Just by only recording partial payments within the program, will not solve any purpose as you would need to match them with your bills. This is because when you make the partial payment to the vendor and it even gets clear by your bank then the same gets recorded within the program. Now the next time when the other half of the payment will be made then it needs to be matched with the previous transaction so that it finally matches the bill. This is how it will be done:
Here, what you have basically done is you have applied the payment to the invoice and have registered the same as a matched entry. Now when you want to record the next payment, you have to go through the same process again and match the other partial entry with your bills.
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