QB Issue Resolution:

Non refundable deposits are income when received so that is not a problem

I understand what you are wanting to do, but unless you report on accrual it can not be done.

And if you do report on accrual basis then you need to invoice for the full amount and accept a partial payment, the invoice will stay open for the balance, and you can receive each payment when due.

The issue with doing it this way is reminding the client, you could create an estimate titled Pro forma Invoice, non posting, to send them as a reminder – or an email, but other than that choices are limited

Resolution for Issue 'We have projects lasts for months and issue the 3 invoices : 50% when contract signed, 30% when order shipped and 20% when order delivered. We also pay the vendor in progress: 50% / 50%. However, we want to record the revenue and cost at the month when contract signed and 50% deposit received. Estimates couldn’t help in this case since the estimate is not reported in balance sheet or income statement of the month. Please advise if QBO has function that supports progress invoicing.' available: Yes (Solved).
Source: Intuit Community forum.

We have projects lasts for months and issue the 3 invoices : 50% when contract signed, 30% when order shipped and 20% when order delivered. We also pay the vendor in progress: 50% / 50%. However, we want to record the revenue and cost at the month when contract signed and 50% deposit received. Estimates couldn’t help in this case since the estimate is not reported in balance sheet or income statement of the month. Please advise if QBO has function that supports progress invoicing.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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