How do i set up an invoice with multiple payment dates

I am a contractor and want to set up an invoice setting up a draw schedule.  For example, $1,000 due upon signing a contract, $5,000 due in 2 weeks, $5,000 due two weeks after that, and $5,000 due two weeks after that.  I also want to show the $15,000 on my accounts receivable reports

Answer

You can't create income or a receivable until work has been done. You may use progress invoicing, but the entire contract amount is not receivable just because the contract was signed

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Malcolm Ziman , QuickBooks User
AllStar

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