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Settle open invoices with security deposit received

Hi,

I have received security deposit amount from my customer. When the deal is over he asks me to adjust the invoices with the security deposit. What should i do to make the liability account zero and open invoices zero.  Please help. Thanks in advance. 

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Established Community Backer ***

Re: Settle open invoices with security deposit received

You should have a service item for the deposit and have that item linked to the liability deposit account

 

put that item on a credit memo for the customer, enter the amount of the deposit and save, then in receive payments apply the CM to the invoice