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How Does Quickbooks Apply a Customer Payment To an Invoice With Multiple Line Items?

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QuickBooks applies a customer payment to an invoice with multiple line items by applying the proportion of the pre-tax subtotal paid to each individual line item and applying the remainder to sales tax on the invoice. If an invoice is paid in full, this obviously results in every individual line item and the applicable sales […]

What Are Sources and Targets?

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Sources and targets are important concepts to understand reporting in QuickBooks and use of the Advanced Find function. Sources and targets are terms assigned by Intuit to describe transactions. In most instances, the source of a transaction is the summary or total of the transaction.  For example, the source of a check includes the amount […]

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