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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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