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A landscaping client generally invoices their clients with seven day terms. They just landed a job and have decided to ask for a deposit to
A landscaping client generally invoices their clients with seven day terms. They just landed a job and have decided to ask for a deposit to pay for materials before conducting any work. The job will be completed within a month, and they want to know how to report the deposit without reporting income.
What process should be suggested to your client?
- Use the deposit feature to allocate directly to your sales income account
- Use the Receive Payment screen to enter the deposit without applying to an invoice
- Create a Deposits expenses account to allocate to, and then journal out when the invoice is created
- Invoice the client as you normally would, and apply the payment to the invoice
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