Tag Archives: retainer

Working with Customer Deposits (or Prepayments)

Do you take payment up front from customers when starting a job? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job. While there are different ways to handle this scenario, not all of them are correct from an accounting perspective. The results can be misleading information or confusion for the bookkeeper or customer. Here’s the method I recommend for handling prepayments in QuickBooks. Continue reading

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Working With Customer Deposits (or Prepayments)

Do you take deposits up front from clients? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job.  … Continue reading

Posted in Business Finance, Cash Flow, Features, Job Costing, QuickBooks | Tagged , , , , , , | Leave a comment

Working with Customer Prepayments

Do you take deposits up front from clients? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job. … Continue reading

Posted in Business Finance, Cash Flow, Features, Job Costing, QuickBooks | Tagged , , , , , , | 1 Comment

Working with Customer Prepayments

Do you take deposits up front from clients? Whether you’re in the construction industry, landscaping, trades or some other type of business, deposits up front help cash flow and enable you to pay employees and purchase materials for the job. How they can be recorded in QuickBooks varies. Continue reading

Posted in Business Finance, Cash Flow, Job Costing, QuickBooks | Tagged , , , , , , | 4 Comments