Deposit charge on invoice

[Former Member]

Hi Experts,

When we sometimes invoice a customer, we add in a 'deposit' charge that is refundable if the customer sends the part back at some point.

Ideally, I'd like to put this amount to a 'liability' account on the General ledger, but when doing an AR invoice, the liability accounts don't come up as options.

Can an account be amended so that it can be posted to driectly from an AR invoice?

Thanks

Greig

[Former Member]

Solved - created PL account called Deposit.

Every week client to manually transfer balance of Deposit account to BS account

[Former Member]

You could create an item code for the deposit, set the account determination for the item as Item level and point it to different accounts as required.

[Former Member]

Hi Greig,

All A/R related transactions would only be able to post to P&L accounts. I don't think it is logical to post them to the liability account.

Thanks,

Gordon