How to Record a Deposit with QuickBooks Online Projects

When accepting client retainers or customer deposits in QuickBooks Online Projects, there are a couple different ways to correctly track the money you receive from customers.

During this video we will demonstrate how to create a new deposit item that can be used on Sales receipts and invoices.

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[jamescrozier]

Great video. Would like to see the other video of using estimates and progress invoicing. I am stumped on how to record a deposit in that situation

[sithsocheata]

So the customer retainer used and receive will use the same account as customer retainer only when we apply the customer retainer used then we input (-) signed instead. is that correct, sir? by the way great video and insight

[ivanabunjevacki]

Hi there, I liked the video. Can the same principle be applied to Real Estate transactions when we receive prepaid rent from tenants for, let's say, 6 months in advance?
Thanks!