Customer Deposit: Difference between revisions

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''Menu: Customer | Customer Payment...''
''Menu: Customer | Customer Payment...''
# Create NEW or EDIT customer payment.   
# Create NEW or EDIT customer payment.   
# Deposit balance (total deposit from each customer) will be displayed after a customer has selected.
# '''Deposit balance''' (total deposit from each customer) will be displayed after a customer has selected.
::[[File:Customer Deposit-02.jpg |640px]]
::[[File:Customer Deposit-02.jpg |640px]]
# Detail Project
# Click to the arrow key down to lookup a deposit to offset with customer payment (to knock-off the outstanding invoices).
* For '''document project''', you need to point to '''MORE''' section '''(on the left side bar)'''.
::[[File: Customer Deposit-03.jpg |640px]]
* For '''detail project''', you have to insert the '''project''' column out from Field Chooser.
::[[File: Customer Invoice-Project.jpg |640px]]


::{| class="wikitable"
::{| class="wikitable"

Revision as of 01:25, 1 November 2018

Menu: Customer | Customer Deposit...

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:-
Account Description DR CR
Bank Account 500.00
Prepayment from Customers 500.00

  • At General Ledger, Maintain GL Account must have a deposit account named "PREPAYMENT FROM CUSTOMERS" under Current Liabilities.
Customer Deposit-00.jpg


Customer Deposit - Entry

1. Click on New button.
2. Select the Customer Code. You direct key-in and search by either customer code or name.
3. You may select other deposit account to be credited in Deposit Acc.
4. You may select the bank / cash account to be deposit (to be debited) in Received In.
5. Enter the deposit amount into Paid Amount.
6. Below is the example of the entry created:
Customer Deposit-01.jpg


7. Double entry will be:-
GL Account Description DR CR
310-001 Maybank 6,000.00
PREPAYMENT Prepayment from Customers 6,000.00

Customer Payment Off Set with Deposit

Menu: Customer | Customer Payment...

  1. Create NEW or EDIT customer payment.
  2. Deposit balance (total deposit from each customer) will be displayed after a customer has selected.
Customer Deposit-02.jpg
  1. Click to the arrow key down to lookup a deposit to offset with customer payment (to knock-off the outstanding invoices).
Customer Deposit-03.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.
Customer Invoice-Attachment.jpg


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-Note2.jpg


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