What is Progress Invoicing in quickbooks online?

[mustafijurmba]

Progress Invoicing in QuickBooks Online is a feature that allows you to create and send partial invoices to your customers as work on a project or job progresses, rather than invoicing for the entire project all at once. This is particularly useful for businesses that work on long-term projects or jobs and want to bill their clients incrementally based on the work completed. With progress invoicing, you can bill for a percentage of the project's total cost or a specific amount and track the remaining balance as the work continues. It helps you maintain accurate financial records and provides transparency to your clients regarding the project's billing status.

 

[pjdel01]

It is also very helpful for construction contractors. I have clients who use this feature because it allows them to bill smaller amounts of a larger job that would otherwise trigger a large HST liability to CRA.