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