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Request and Accept Deposits on Estimates in QuickBooks Online

Sep 13, 2021 12:15:00 PM

Accepting online deposits saves you time, secures your customers’ commitment to your projects, and gives you a jump start on cash-flow. If you have both QuickBooks Payments and the newest version of Estimates in QBO, you can request s deposit from your customers that they can pay directly from the Estimate. When customers pay the deposit, QuickBooks automatically marks each Estimate accepted, then converts the appropriate Estimate to an Invoice, and records the customers' deposit as a partial payment toward the new Invoice. 

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William Murphy

William (Bill) Murphy, better known as "Murph," is responsible for day-to-day technical content. Murph is an Advanced Certified ProAdvisor with over 30 years of QuickBooks consulting experience. He has more than 45 years of experience in Business, Finance and Public Accounting. For many years Murph was the “anchor” of the National Advisor Network’s online forum (now the Woodard forum) and three-time consecutive winner of the NAN Online MVP award. Murph has published numerous articles in industry publications and served as Technical Editor for Business Analysis with QuickBooks by Wiley Publishing.

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