Accounting Software which Deduct Deposits

[dldesigners]

Hi,

What accounting software do people use?

How are you creating invoices using your software and deducting the deposit or are you doing this manually and creating invoices in excel?

Would be great to know peoples methods as I've hit a glitch. If you don't want to reveal, please PM me

Thanks
Darshan

 

[MyAccountantOnline]

Hi,

What accounting software do people use?

How are you creating invoices using your software and deducting the deposit or are you doing this manually and creating invoices in excel?

Would be great to know peoples methods as I've hit a glitch. If you don't want to reveal, please PM me

Thanks
Darshan

Darshan maybe if you explained your problem and let us know what package you are using one of us could help.

Most accounting packages I know deal with payments on account without any problem at all.

 

[dldesigners]

Darshan maybe if you explained your problem and let us know what package you are using one of us could help.

Most accounting packages I know deal with payments on account without any problem at all.

Hi, What I'm trying to is setup an invoice for the customer and deduct the deposit from the client, before I produce the first invoice to be sent to them (for the deposit)

Or would it be better for me to make one on excel for the deposit due and once the deposit has been received then deduct it and send him the 'balance remaining' in quickbooks.

Hope this clears things up.

 

[Philip Hoyle]

Most people would just create an invoice for the full amount and the deposit is simply a "part payment" towards it.

Some software will let you create a "pre-invoice" usually called a quote or a pro-forma, against which the deposit can be set, and then when the goods or services are provided, it can be converted to a "proper" invoice at the touch of a button.

This isn't usually a problem for people using decent accounting software.

You really need to tell us more about the problem you're having for anyone to give a sensible answer.

 

[dldesigners]

Most people would just create an invoice for the full amount and the deposit is simply a "part payment" towards it.

Some software will let you create a "pre-invoice" usually called a quote or a pro-forma, against which the deposit can be set, and then when the goods or services are provided, it can be converted to a "proper" invoice at the touch of a button.

This isn't usually a problem for people using decent accounting software.

You really need to tell us more about the problem you're having for anyone to give a sensible answer.

What I'm trying to do is exactly what you are describing .
A invoice is sent to the customer before the project is started and payment is needed before I do any work, but cant find the right solution and the correct way of doing this

The only way I can think about doing it at the moment is generating 2 invoices, one for the deposit (50%) and one for the balance due on completion (50%) but I'm sure there is a better option, if you can point me to some software that can do this it would be a great help

Thanks