Customer Deposit

From eStream Software

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:-
GL Account 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. 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.
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