Applying customer deposit to invoice
Hi folks, Hope all is well.
Our customers pay 50% deposit to our bank account before we start on a job. The previous bookeeper has allocated that amount in "1-1150 Job Deposits Received" using Receive Money. First of all my understanding is that it should be "Receive Payment" option not "Receive Money"- is this correct? This transactionhas been reconciled too.
Secondly, we have now completed the job and have received the rest of the 50% which i have correctly allocated to the invoice. The invoice now shows that rest of the 50% still required to be paid which is not correct. This money is sitting in "1-1150 Job Deposits Received"
My question is how do I now allocate the 50% deposit to the invoice so Myob shows that the total invoice has been paid.
Can anyone assist please? Thank you