How to Encode Deposit Payment?

Created by Paula Salazar, Modified on Thu, 21 May at 10:49 AM by Paula Salazar

DESCRIPTION This Knowledgebase will demonstrate how to process initial required payment for an invoice.

1. In the Sales Order Encode the services on the billing.

CAPTURE JOB IN SALES ORDER $32,000

(not a billing yet but your order book)

Item 1 = $32,000 job details
Item 2 = Deposit Billing = $9400
Item 3 = Deposit Reversal = -$9400

2. Encode the first initial payment required for the billing.

Use CE (Invoice on Order) to cut

from Sales Order above for Item 2

Billing only $9400 in this invoice

3. Encode the final remaining invoice.

Use another CE to cut from same

Order but bill Item (1) and (3)

Net amount to bill is just $22,600

REVISION ON MAINTENANCE:

In the Product Account Group under ZZ_SDISC configure the Sales A/C to map a Liability account together with the sales return A/C should be the same COA.

Change the Account Posting to Product Account Group.