Payment Item Type

Description of the Payment Item Type

Updated over a week ago

This option allows you to record a partial payment that happens at the same time as the sale. There are a variety of reasons why a partial payment might be applied, depending on your business, but this allows you to specify the amount of the payment as well as to what account it should be applied.

Note: This item is available in QuickBooks Desktop only.

To add this as an item, you will need to add a new item within the Items app, and choose Payment. If you do not see the Items app, you will need to get access permission for this app from your administrator. The Items app is found in the Accounting Lists Pack.

When you select Payment, you'll be taken to the New / Edit Payment Item Screen. The fields are described below.

  • Item Name/Number*: Identify the payment by name or by number.

  • Description: Provide details about the payment in this writable section.

  • Payment Method: Identify the method of payment used by choosing from the drop down menu.

  • Deposit To Account: Indicate which account the payment should be applied to.

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