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Atricle Dump - Can I Show a Past Due Amount on a Current Invoice in QuickBooks?
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Can I show an amount from an old invoice on a current invoice?
Yes, you can. There is a rather complex work-around I developed, that transfers the balance from an old invoice to a new one. It does so by zeroing out the amount from the older invoice.
However, this is not a good practice. Because it's not a good practice, I'm not going to show you how to do it.
Here are two reasons why it's not a good practice:
1. It creates bad PR for your business. You have already sent your customer the old invoice. On their books, they show that invoice for the amount due. That invoice also has the detail of the sale.
If you send a new invoice, with the amount from the new invoice, plus the amount from the old invoice, it will double the amount due from the old invoice in your customer's records. Plus, it won't show t
Accounts Receivable Factoring is a means to meet the requirements of companies that are in urgent need of cash. Highly useful to the companies, this process of Accounts Receivable Funding refers to the process of selling of invoices and other Receivables by the com
However, this is not a good practice. Because it's not a good practice, I'm not going to show you how to do it.
Here are two reasons why it's not a good practice:
1. It creates bad PR for your business. You have already sent your customer the old invoice. On their books, they show that invoice for the amount due. That invoice also has the detail of the sale.
If you send a new invoice, with the amount from the new invoice, plus the amount from the old invoice, it will double the amount due from the old invoice in your customer's records. Plus, it won't show t
It's an issue faced by business owners worldwide -- having to let go of, or "fire" a client. When I started my business, it's not a situation I ever thought I would face, as I was happy to take on almost anyone that wanted to hire me. However, over time, my clien
Here are two reasons why it's not a good practice:
1. It creates bad PR for your business. You have already sent your customer the old invoice. On their books, they show that invoice for the amount due. That invoice also has the detail of the sale.
If you send a new invoice, with the amount from the new invoice, plus the amount from the old invoice, it will double the amount due from the old invoice in your customer's records. Plus, it won't show t
Dublin, Ireland, April 23, 2007 – Facing the increasing competition between job sites, the recently started Internet search portal better-job-offers.com criticises sites that do not show any interest in sharing their results. Due to their advertising deals, most si
If you send a new invoice, with the amount from the new invoice, plus the amount from the old invoice, it will double the amount due from the old invoice in your customer's records. Plus, it won't show t
How often have you heard a news account or heard from friends and co-workers about a family that lost everything in a house fire - and the disaster was made worse because they had no home insurance? A fire that destroys your home is traumatic enough. The heartbreak
Clearly, it's not a good idea to deliberately invoice a customer twice for the same sale. Not a good way to promote your business. It also gives the impression that you don't know what you are doing.
2. It's not accurate. Since it zeros out the amount from the older invoice, the work-around is not accurate. There really is an amount due from the older invoice, and zeroing it out changes that. My very first accounting teacher taught me:
Always record what actually happened. Don’t record what should have happened, what you wish had happened, or what would have happened if somebody else had done something differently. Record what actually happened, even if it was the wrong thing that ha
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