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Ebob's avatar
Ebob
Contributing User
22 days ago

taking a percentage payment on a quote

Hi There

I have sent out multiple quotes to a customer, they are wanting to accept the quotes but want to pay a 30% deposit on each quote.

they want me to invoice them for the 30% 

do I turn the quote into and order and then send that to them? then once they have paid the agreed 30% do I then apply that to the order or do I then have to generate it into an invoice?

I see that when you create a order you can add in a "payed today "amount but they haven't paid the amount yet, or does that not matter? 

does MYOB then keep track of the deposit paid and deduct it from the amount remaining to be paid at the end of the Job? 

1 Reply

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    22 days ago

    Hi Ebob, 

     

    You’re spot on starting by converting the quotes to sales orders. Once you’ve sent those orders, you can then pop the 30% deposits on each one by doing the following:

    • Go to Sales > Receive Payments
    • Pick the customer
    • In the Orders section, tick the right order and enter the 30% amount

    That’ll record it as a customer deposit into your linked Customer Deposits liability account, not as income just yet.

    If you’re keen to dig a bit deeper into how deposits work in MYOB, this help article is a good read:
    Customer deposits

     

    Regards,
    Genreve

     

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