Calculating partial payments on larger invoices simply

Just landed a big project with milestone payments. Trying to figure out how to track partial payments without losing my mind. Spreadsheets feel clunky, and my usual invoicing app isn’t cutting it. There’s gotta be a smoother way to handle this, right?

Anyone else deal with this? What’s your go-to method for managing partial payments on hefty invoices?

Look, partial payments ain’t rocket science. You don’t need fancy apps or complicated systems. Here’s what I do:

Create a separate invoice for each milestone. Number them like 1A, 1B, 1C. Send 'em out as you hit each point.

Keep a master sheet. List the total job amount at the top. Each time you invoice, write the date, invoice number, and amount. Subtract from the total.

That’s it. You see what’s paid, what’s left, and when it happened. No fuss, no muss. Been doing it this way for years. Works every time.

Oh man, I feel you on this one. Partial payments can be a real headache, especially with big projects.

I’ve tried a few different approaches:

  1. Spreadsheets (but yeah, they can get messy)
  2. My invoicing app (which also fell short)
  3. A simple Google Doc

Honestly, the Google Doc has been my best bet so far. I create a new one for each big project and track:

  • Total invoice amount
  • Each milestone and its payment
  • Dates received
  • Running total

It’s not perfect, but it’s way easier than flipping through a physical notebook or dealing with complicated spreadsheets.

Have you looked into project management tools? Some have built-in invoice tracking. Might be overkill, but could be worth exploring if you’re handling a lot of these big projects.

I’ve been there. For big projects with milestones, I use a simple text file.

One line per payment: date, amount, and what it’s for. Quick to update, easy to scan.

At the bottom, I keep a running total of what’s paid and what’s left. Works for me without fancy apps or complicated spreadsheets.

Partial payments? I just jot stuff down in a notebook. Works fine for me.

Text file sounds good. I just use a basic invoice app. Send it out when the job’s done and move on. No fancy stuff needed for me.

I’ve been in your shoes with big projects and milestone payments. Here’s what works for me:

I use a simple Google Sheet. One tab per project. Columns are:

  • Milestone description
  • Expected payment
  • Invoice number
  • Date sent
  • Date paid
  • Amount received

At the bottom, I have a summary:

  • Total project value
  • Total invoiced
  • Total received
  • Balance remaining

I color-code rows: green for fully paid, yellow for invoiced but not paid, white for upcoming.

It’s not fancy, but it gives me a clear picture at a glance. I can see what’s coming in, what’s overdue, and how much is left on the project.

Bonus tip: I set up email reminders for myself to check on unpaid invoices after 2 weeks. Saves me from forgetting to follow up.