![]() The app can also be used to receive payments, and you can send out receipts to clients after they have paid. You can easily see a list of outstanding invoices and perform searches for specific invoices when you need to, and there is also the option of sending estimates from Moon Invoice. ![]() Invoices can be sent from within the app itself, saving the hassle of separately attaching invoices to emails. So when you're creating an invoice, you can just select a client from a menu and all of your correspondence with that contact can be sorted and filtered as required. You can use the app to manage your contacts – split into customers and vendors to make life easier – and these feed into other parts of the app. Available for macOS, Windows and mobile platforms the app provides you with an easy way to crate invoices and much more. Moon Invoice was created to make life a bit easier. It could easily take up as much time as you spend on the main thrust of the job. But it's also something of a chore, as is keeping track of which invoices are still outstanding, tracking jobs, monitoring projects and logging time. However, with a recurring invoice, there is no searching through past payments on a single invoice there's one payment per invoice, which makes tracking easier.For small to medium sized businesses, as well as freelancers and self-employed people, sending out invoices to clients is an essential part of ensuing the money keep rolling in. If you are accepting multiple payments or instalments for your invoices, you may want to create a recurring invoice instead. If you want to accept multiple payments on one regular invoice, you can-it's up to you. The only difference is that your invoice won’t be marked as Paid, as there will be a balance remaining. You can find the steps to record an invoice payment in this Help Center article. Recording a partial payment is much like recording a full payment. If an invoice is not paid in full by the due date, its status will change from Partial to Overdue. You can include payment terms in the Notes field when you create an invoice, indicating to your customer that they should pay a certain amount by a particular date, and the remainder by the due date. Partial paymentsĬustomers may choose to pay only part of the total invoice amount. This method allows you to reduce the prepayment account as you clear your receivables. For the Payment account, choose the Customer Prepayments and Customer Credits account you created.Select Record a payment next to your customer's invoice.How to record a prepayment on a future invoiceįollow these steps when you’re ready to record the prepayment against an invoice: Choose a customer from the dropdown menu.Click the dropdown arrow on the far right of the deposit transaction, and select Edit more details.If you chose to create a single Customer Prepayments and Customer Credits account, you can add a customer to the transaction, to indicate which customer this deposit is coming from. This will increase the prepayment account by the amount of the deposit. Find the deposit (income transaction), and categorize it to your newly created Customer Prepayments and Customer Credits account.Next, we’ll use the new Customer Prepayments and Customer Credits account as the category for your deposit transaction: Or, you can create a Customer Prepayments and Customer Credits account for each customer, and use these accounts to categorize the deposits that you receive. You have two options here you can create a single Customer Prepayments and Customer Credits account to categorize all deposits you receive from customers. Fill in the account details, then click Save.Scroll down to Customer Prepayments and Customer Credits, and click Add a new account.At the top of the page, select the Liabilities and Credit Cards tab.From the left navigation menu, select Accounting > Chart of Accounts.The first step is to create your customer prepayment account: How to account for receiving deposits or prepayments We'll walk you through how you can handle this type of arrangement, and similar transactions. If you work with clients on an ongoing basis, or if you're beginning a large project, you may want to accept a deposit or prepayment from your customer.
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