Associating Retainer to Invoice

When the product is ready to be delivered or if a service is rendered, you would create an invoice to collect the payments from your customer. The advance payment collected before starting the project can be applied to the invoices you create. This will adjust the invoice so that the customer will only have to pay the remaining amount.

Applying Retainer to Multiple Invoices

In a business there are cases where the customer would have paid a one time advance for multiple services, which can be later adjusted with future invoices.

In such cases,

Retainer to Multiple Invoice

Fields Description
Balance The amount collected from your customer as retainer.
Invoice Amount The total invoice amount raised for the customer.
Invoice Balance The final amount to be paid after deducting advance payments.
Amount The amount to be applied from the Balance available.
Retainer Amount Available Available retainer after the Balance is applied for invoices.

All the retainer transaction details will be displayed for a quick view at the bottom of the selected retainer invoice. You can always edit or delete the transaction from the icons present next to the entry.

Quick View

Using Multiple Retainers to Invoice

Sometimes there might be multiple retainers collected from your customer which are not yet used, but were accumulated to be used for future purposes. Your customer might wish to use these unused retainers for a pending invoice or for a future invoice.

In such cases,

Multiple Retainer to Invoice

Use Retainer

Applying Retainer

Adjustment in Invoice

Retainer Invoice in Projects
Back to Retainer Invoice Overview

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