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In business, you might come across the term 'delayed charge' and wonder what that could mean. There's a bit of confusion between delayed charges and delayed credit in QuickBooks, so let's take a look at some of these delayed charge types and what they can mean for your accounting purposes.
A delayed charge is a charge that is going to be billed to a customer at a future date. It's a way to keep a record of what your future revenue will look like for tracking sales. This is considered a 'Non-posting' transaction, meaning it will not affect your accounts, but is simply for tracking purposes.
There's a few reasons why a business would want to delay a charge. It might be a free month of service for a promotion, it might be a grace period, or other reasons.
You shouldn't often need to use this feature as your business likely is collecting most charges on time. Though it's important to understand what a delayed charge is so that it can be recorded and accounted for in your books.
A delayed charge in QuickBooks online is a transaction that will be billed on a future date.
A delayed credit is a credit memo created in advance for possible sales returns.
Here's how you can create a delayed charge in your QuickBooks Online account:
Once the delayed charge is saved, make sure to create and apply the invoice once you are ready to invoice the customer.
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Recur360 is an automated platform for recurring invoices, payments, late fees, and collections for QuickBooks Desktop and Online.