If you record income using a sales invoice, you will receive payment based on the terms you have agreed with your customer. When customer payments are received, you must apply payments to an outstanding sales invoice in order to reduce the accounts receivable balance. You can accept payment multiple payment methods in QuickBooks, including check, cash, and credit card. To learn more about managing credit card payments, refer to Chapter 18, Handling Special Transactions in QuickBooks Online.
Follow these steps to receive payment from a customer:
- Navigate to Receive payment, located below CUSTOMERS, as indicated in the following screenshot:
- Complete the fields, as indicated in the following screenshot, to record the customer payment:
The following are brief descriptions of the key fields for receiving customer payments:
- Client: Select the customer by clicking the drop-down arrow.
- Payment date: Enter the date payment was received.
- Payment method: From...
