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Apr 19, 2010 at 08:47 PM

Customer Prepay - need to match to later invoices

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Hi all,

I need assistance to see how to best handle the following situation:

Customer prepays a deposit with our company. We want to accept the incoming payment and then apply the amount to invoices as they come in for this customer.

This could be a possible scenario:

Prepay deposit - $1000

Inv #1 - $500

Inv #2 - $125

Inv #3 - $75

They would have a credit of $300 to apply later.

What is the best way to record the deposit and apply it to AR invoices?

Thanks for your help.

Jane