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Collecting Income

Recording the fruits of your labors is one of the main reasons you invested in QuickBooks. Earlier in this chapter, you learned how to create invoices so that you can tell your customers how much they owe you.

Now you will learn what to do when your company receives money: how to record full and partial payments, down payments, and retainers. You’ll also learn about making bank deposits and recording the receipt of cash that isn’t associated with an invoice.


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