In our business we do a lot of lawn mowing and gardening. As such we will mow a customers lawn every couple of weeks and have transactions from as little as $20. Our customers, as you can imagine don't want to write a cheque/deposit money for just 1 cut at a time and we don't want them to pay for 4 cuts in arrears for cash-flow reasons, so most of our customers want to pay in advance. Hopefully you can see where I'm going with this...Can you PLEASE create a simple way that I can link a payment to a customers account so that it stays in credit and each time I create an invoice it will decrease the credit?
John pays $40, we allocate it to his account which was $0 balance now it's at $40 credit. We then mow his lawn and invoice him for $20, Liveaccounts asks us "do you want to allocate payment from credit?" We Click yes, invoice is now paid and reconciled, and John's account is still in credit $20 for next time.
I'm not an accountant or bookkeeper so not sure about the "backend" issues this may cause with the records, but from a small business owner/operator perspective it would be great. I know there's a more complicated way of recording payments in advance, but if it could be integrated seamlessly into the software as a dedicated "payment in advance" process it would make my life so much easier!