Re: How can I submit a invoice or estimate that is over $50,000 ?
Posted
03-21-2023
I agree @ts4, we sometimes have comps or customer service issues, or people that pay part of a bill and never pay the rest. Being able to update an invoice for $0 would be super useful.
If I know it is $0 up front, I will usually do it through POS, and then just add the customer, but yeah, once it is an invoice, it HAS to be either rung up or deleted/archived.
Another thing is being able to adjust invoices to reallocate them to a different employee.
We are looking into Quickbooks and other providers to gain some of that flexibility back.
Re: How can I submit a invoice or estimate that is over $50,000 ?
Posted
02-26-2023
I agree completely with the OP and the other people on that side of the fence.
Why can we not exceed $50K per invoice?? Is this not a system for professional businesses?
50K and 46K is bad enough, but I am trying to send out an estimate for a government job at almost 400K, do you expect me to send out 8 partial quotes??
That is absolutely preposterous, and seems completely irrational to suggest.
$50K, $50K, $50K, $50K, $50K, $50K, $50K, $21,200
That seems childish and absurd for a company that I pay OVER $10K in fees and surcharges to per year.
Maybe I should look into giving that money to another business that will support me making large sales. 🤔
The issue here is not in processing a single transaction of $50K. The core problem is that we are not able to create an estimate over $50K. Why is this so complicated? Wouldn't it make sense to be able to create and send an estimate for any amount with multiple payments option, each payment would be less than maximum allowed transactions of $50K? I don't understand why this problem is still not resolved by square. They are missing out on all larger contracts.
I agree completely with the OP and the other people on that side of the fence.
Why can we not exceed $50K per invoice?? Is this not a system for professional businesses?
50K and 46K is bad enough, but I am trying to send out an estimate for a government job at almost 400K, do you expect me to send out 8 partial quotes??
That is absolutely preposterous, and seems completely irrational to suggest.
$50K, $50K, $50K, $50K, $50K, $50K, $50K, $21,200
That seems childish and absurd for a company that I pay OVER $10K in fees and surcharges to per year.
Maybe I should look into giving that money to another business that will support me making large sales. 🤔
Completely understand your frustration when it comes to the limitation with invoices. It's due to the fact we have a transaction limit of $50,000. It's not ideal for businesses that send out invoices with higher amounts to their customers.
I've updated it to the "Open" status. This step in the Feature Request process will be a time in which other sellers can add their use cases to your idea to make it stronger and demonstrate further how much it is needed. Later on, we'll re-visit the most popular feature requests in the "Open for Votes" status and bring them to product teams. To other sellers that see this feature, please “like” the post and reply with a use case that your business would have. This will help to signal that this feature request is even more important to address.
we absolutely need to be able to make an invoice for zero dollars for comps and also bill 💸 over 50k! this $1 -$50k is ridiculous , and making my loyalty to Square be severely questioned!!
I agree @ts4, we sometimes have comps or customer service issues, or people that pay part of a bill and never pay the rest. Being able to update an invoice for $0 would be super useful.
If I know it is $0 up front, I will usually do it through POS, and then just add the customer, but yeah, once it is an invoice, it HAS to be either rung up or deleted/archived.
Another thing is being able to adjust invoices to reallocate them to a different employee.
We are looking into Quickbooks and other providers to gain some of that flexibility back.
Option A: Use Square and split the estimates/invoices.
Option B: Switch to QuickBooks.
It seems Square caters towards smaller merchants, I'm just figuring this out myself after attempting an estimate for new equipment valued at 75k today.
Definitely disappointed, was looking forward to integrating estimates and contracts together. Maybe Square will update this soon, they have a great platform really enjoy all the features but I will have to switch now.
This thread is so depressing. I have come to the same conclusion as other merchants. And reading the thread, it seems that the developers are either intellectually incapable - or simply unwilling - to of understand the root problem. I am assuming the latter. The issue is NOT being able to process an individual transaction over 50k at a time. The issue is that you have all of the functionality to create a template that combines a series of invoices into a group. That group appears to our clients as “one invoice”, but it is in actuality a collection of invoices that they will pay in installments upon completion of specific milestones. You would even benefit from collecting all those yummy fees that these fintechs love so much. It really isn’t rocket science. It doesn’t require much effort. Hell, I know because I created a hack myself, and I’m using it with my clients. I’m incensed that I had to waste three days of my life doing something that these people could have easily done if they had simply thought the features through. But let’s be honest, everyone simply half asses everything these days. Why should this service be any different?
edit: hack solution:
1. create items or services for each milestone or scheduled payment.
2. create payment links for each milestone.
3. Create a custom field in your accounting software (intuit, accountEdge, etc.) called payment link
4. *** Write custom code and widget to automate the process of embedding the data into your accounting software invoice because your AP department doesn’t have time to play these stupid games ***
5. ?????
6. PROFIT!
I think I’ll start a competitor that actually listens to its users.
