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Invoice Overpayments

I use QB2001 to manage financials for a small web design business and use invoices to bill my clients. One of my clients intentionally overpaid an invoice, asking me to hold the overage amount in reserve for future, as yet unscheduled, services. Sounds like a great idea, but I can't figure out how to handle it in QB. They paid by check, so I would like to enter the full amount and deposit it, but I'm stumped. Any suggestions would be very much appreciated. Thanks, Jerry

Reply to
Jerry
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Record the entire paid amount when you use Receive Payments. QB will tell you its incorrect or more than needed (I forget the exact wording), just click ok/yes and close the window. You should then see a credit in A/R for the customer's overpayment. You can apply this overpayment to the next invoice.

Reply to
scfundogs

Thanks for your help. It took me awhile to find the "apply credit" button, but it worked fine.

Reply to
Jerry

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