Is there an efficient way to receive customer deposits for future completed Jobs (invoices)? In my research on NAV 2016 I see there is a numbering series for Prepayments, however I do not see that in 365 for financials set-up.
A technique commonly used in QB or other accounting systems would be to set up and item called Customer Deposit
- When deposit is received an invoice is created for the deposit amount
- Apply the payment to that invoice.
- When job is completed and invoiced, a credit memo would be issued in the amount of the depoist(s) and applied to the job invoice
Is this the only solution in 365?
thank you,
mark
