Re: [SL] How to account for pre-payments

[William M. <wi...@kn...>]

On Wed, 2009-05-06 at 19:31 +0200, Paul Tammes wrote:
> 
> Why prepay at all? Especially an accountant should see the logic that
>  one has to send an invoice in order to get paid.

For service delivery, pre-payment is a great way not to get left holding
the bill after delivering the work. 

We create an invoice with just the payment which is used for tracking
the credit. Then as work is invoiced, we use apply a negative amount to
this tracking invoice (I think this is handled via the Cash Payments
screen but I don't have to do the book-keeping anymore these days :).


HTH,
William

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