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laurenjones27's avatar
laurenjones27
User
3 years ago

Keeping deposit on cancelled invoice

Hi hoping someone can help me. 

We run a fishing charter business. 

I have issued an invoice for a job and recorded the deposit.

The charter did not go ahead as the customers did not turn up.

We keep the deposit as per our conditions. We will not receive the outstanding amount. 

How do I address this in the invoice?

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  • Neil_M's avatar
    Neil_M
    Former Staff
    3 years ago

    Hi laurenjones27 

     

    Boiling it down, effectively theres a portion of an invoice that wont be collected. Broadly speaking this would be handled in the same method outlined in our help article on writing off bad debts

     

    I’d recommend having a chat with your accounting advisor to get their thoughts on the matter