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Apply an upfront deposit or retainer to an invoice

When you have incurred costs on the project in excess of the deposit or retainer, you create an invoice and apply the amount of the deposit to the invoice. The deposit will be subtracted from the amount the client owes you. At that point, revenue is recorded and the deposit is moved out of the liability account.

To apply the upfront deposit or retainer to an invoice

  1. Create an invoice.

  2. At the end of the invoice items, enter the Upfront Deposit or Retainer item using a Quantity of -1 and a Rate equal to the original deposit amount or the amount that you are applying. The deposits can be broken down and applied to multiple invoices.

  3. Click Save & Close to create the invoice.

See also

10/28/2016 8:56:58 AM
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