Customer Prepayments, Deposits, and Retainers

 

• Allows Prepayments at a Customer Level
• Treats Prepayments as a pool of funds rather than having to individually assign prepayments to specific invoices and lines
• Books prepayments to AR and Deferred Revenue (Typically a Balance Sheet Liability Account)
  • When paid will Debit Cash and Credit AR
• As prepayment retainer funds are utilized on future Sales Orders/Invoices it will Debit Deferred Revenue and Credit Revenue, leaving the receivable amount on the invoice as $0
  • Have the ability to also skip using prepayment funds on orders/invoices if you want on a transaction by transaction basis
  • Have the ability to use funds to pay the order/invoice partially.

 

Sales Order Prepayments - Enhanced Flexibility

 

• Allows prepayments at an order level or job level
• Does not lock down lines after the prepayment is invoiced or received
• Added flexibility allows users to work with prepayment invoices in a more efficient manner

 

Reporting

• Ability to generate prepayment balance lines on documents - shows them how much they have remaining when they receive the document
• Ability to view AR Dashboard for Customer Prepayments
• Ability to view AP Dashboard for Vendor Prepayments

Pricing

$900/Year

Priced per tenant. Unlimited Companies. Unlimited Users.

Download available on our Website with a free 30 day demo key included.

 

 

 

For more information reach out to [email protected]

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