Customer Deposit

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Introduction

• Deposits are the advance payments made or received for future services and goods to be invoiced. With accrual basis accounting, a prepayment for work that a corporation is obligated to perform becomes a liability.

• Generally, the double entry will be:-

GL Account	DR	CR
Bank Account	500.00	0.00
Prepayment from Customers	0.00	500.00

                                  DR         CR
 Bank Account               RM500.00
 Prepayment from Customers             RM500.00

• At General Ledger, Maintain GL Account must have a deposit account named "PREPAYMENT FROM CUSTOMERS" under Current Liabilities.

Customer Deposit - Entry

1. Click on New button.

2. See the New Customer Invoice entry form screenshot below.

File:Customer Invoice-New.jpg

3. Select the Customer Code. You direct key-in and search by either customer code or name.

4. Input the Sales A/c and amount to be credit.

5. Below is the example of the entry created:

File:Customer Invoice-Edit.jpg

Double Entry will be:-
                                  DR         CR
 Customer Control Account   RM500.00
 Service charge                        RM500.00

Customer Invoice - Project

• There are 2 types of project you need to be take note.

1. Document Project
2. Detail Project

• For document project, you need to point to MORE section (on the left side bar).
• For detail project, you have to insert the project column out from Field Chooser.

File:Customer Invoice-Project.jpg

Label	Types	Explanation
A	Document Project	It represent the project for a document to be debit.
B	Detail Project	It represent the project for individual GL Account to be credit.

Customer Invoice - Attachment

• It is very useful to attach any supporting documents to an invoice.
• In future, you able to retrieve and refer the attachment file easily.

1. You have to point to the attachment section.

2. Click on ( + ) button to insert the filename path.

3. See the sample screenshot below.

File:Customer Invoice-Attachment2.jpg

Customer Invoice - Note

1. Click on the Note section (on the LEFT side bar).

2. RIGHT click it, you will see the Rich Text Editor pop-up.

3. You can start key-in the note. See the example screenshot below.

4. Click on X button to save and exit the Rich Text Editor.

File:Customer Invoice-Note.jpg

5. You will get prompted the Save changes? message. Click YES to save it.

Customer Invoice - Invoice Description

1. To show the document description in Customer Statement, eg. Sales-Oct 2012.

File:Customer Invoice-Description.jpg

2. Sample of customer statement screenshot below.

File:Customer Invoice-Description2.jpg