QuickBooks billing tips, tricks, workarounds

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There are various tips, tricks and workarounds for handling professional billing using QuickBooks. Following are processes that work best for The Woodard Consulting Group and its clients.

Tracking client retainers

Perform the following steps to track retainers in QuickBooks:
1. Create an Other Current Liability account called "Client Retainers."
2. Create an Other Charge Item called "Retainer" and enter the "Client Retainers" liability account into the Income field.
3. Create an invoice template called "Retainer" that includes only the item column (screen only), the description column and the amount column. Make

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By greg
Jun 26th 2015 01:10

how billing works from a bill to a customer? Can you describe how this process works?

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By Shelley
Jun 26th 2015 01:11

I have been asking and asking the same question but no one doesn't want to answer me. I am trying to figure out how to enter a closing WIP from one program into QB's, I have already created the customers in QB"s and didn't have f the final balances from the old program to record as an opening balance into QB's can someone please help me with this.

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By Rasilla Rupesh Kara
Jun 26th 2015 01:11

JUST MAKE A JOURNAL ENTRY-GO TO COMPANY MENU-MAKE JOURNAL ENTRY. ENTER
THE DATE AND THE ENTRY NO. THEN TYPE AS ACCOUNT RECEIVABLE IN THE
ACCOUNT COLUMN AND DEBIT THE AMOUNT OF THE CUSTOMER THE MOVE TO MEMO
AND WRITE THE DETAILS OF THE INVOICE NO. AND DATE OF WHICH YOU WANT TO
BROUGHT FORWARD, THEN IN THE NAME WRITE THE CUSTOMERS NAME OF WHOM THE
BALANCES ARE B/F.
THE AGAIN IN THE SAME JORNAL ENTER UNDEPOSITED FUND
THEN CREDIT THE SAME AMOUNT YOU DEBITED AND YOU AGAIN ENTER THE SAME
NAME OF THE CUSTOMER.THEN YOU SAVE AND NEW OR CLOSE.

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