Record deferred income?

Hello twaldvogel1@gmai,

It's a pleasure to see you in Community.  Welcome!  QuickBooks Online enables you to create sales receipts or invoices for the deposits you receive.  I would be glad to assist!

To set up deferred revenue in QuickBooks Online, you'll need to start with creating a liability account and the retainer item.  Once this has been established, you'll be able to proceed with creating sales receipts or invoices for the deposits or retainers and turn them into credits on invoices.  Continue to turn the retainer into income, by transferring the funds to your operating bank account, and track how much you're holding for each customer from the Balance Sheet report.  Follow this link to learn how.

Should you require additional assistance, please don't hesitate to contact us. It would provide a great opportunity for us to work with you on a personal level, and assist you with accomplishing your QuickBooks goals as soon as possible!

Feel free to reach out again, if you have any other questions. We would be happy to assist!