Accepting and Applying SRO Deposits in Accounts Receivable
The SRO deposit feature is integrated with Accounts Receivable, so that A/R payments are created for deposits and A/R credit memos are created for promotional discount deposits.
To add, process, and invoice deposits, see Processing Service Order Deposits
To add, process, and invoice discounts, see Processing Promotional Discounts for Service Orders.
Invoice Posting Account Example
For this example, an order is created for $350, with sales tax of $10.94, and a deposit of $250.
| Account | Credit | Debit |
|---|---|---|
| Sales | $350 | |
| Sales Tax Payable | $10.94 | |
| A/R | $360.94 | |
| Order Deposit | $250 | |
| A/R | $250 |
Additional Information
On the Service Order Deposits form, a status (Pending, Open, or Complete) is displayed for the deposit. The invoice number is displayed for a recorded deposit, and a credit memo number for a real deposit.
On the Service Orders form, all deposit applications against the SRO, as well as all SRO-specific deposits that have been entered, are displayed in separate grids.
On the A/R Posted Transactions Detail form, order deposits are displayed as open payments. A/R transactions that represent the open portion of order deposits and promotional discounts cannot be updated in this form.