cas you enter a contract amount in quickbooks for mac and then draw down the balance?

CAS YOU ENTER A CONTRACT AMOUNT IN QUICKBOOKS FOR MAC AND THEN DRAW DOWN THE BALANCE? HOW TO

The owners of our company want to simply see who is CURRENTLY REQUESTING payment (i.e. Our accountant says the only way to make this happen is to create individual POs for each 'progress invoice' that comes in.and that just seams wildly barbaric. Knowing the total open balance of the PO is worthless in this situation, we just want to know the amount they are invoicing for against the total PO. Problem: For example, if a PO is created totaling $200,000 for HVAC and their first progress invoice is for $5,000, any report created shows an 'open balance' of $200,000. Goal: A report listing received, outstanding, & unpaid invoices that show the amount being requested even if it's $5,000 of a $200,000 PO. That means nothing when a PO lasts for a longer period of time a nd there's 15+ invoices against that PO total. Not just the total open balance of that PO.

CAS YOU ENTER A CONTRACT AMOUNT IN QUICKBOOKS FOR MAC AND THEN DRAW DOWN THE BALANCE? HOW TO

Spent hours with our accountant today trying to figure out how to (you'd assume this would be extremely straight forward and a basic function of QB) create a report that shows outstanding invoices that we've actually received from a vendor/trade requesting a progress payment against our total PO amount with them. Have a great day!ĭid either of you ever find a solid solution to this? Or perhaps the QB team? That should get you to the right direction, let me know if you have additional questions about the process. Do the same process on the next vendor bill.Doing this will not close the PO, so you can apply the unbilled items to the remaining bills. Manually edit the quantity (QTY) of the items you are billing.On the Open Purchase Orders window, choose the vendor name.Click on the Select PO icon at the top of the transaction.Fill out the transaction then click Save & Close.first before attaching it to multiple bills.

To do this, you'll need to create the P.O.

Allow me to step in and share additional information on how to link bills to a purchase order. Welcome back, appreciate your time today.

Cas you enter a contract amount in quickbooks for mac and then draw down the balance?