We process order from customers whose terms are progress payments.
We enter the order such that each line item is a portion of the total. We print the invoices per the terms and mail to the customer. This is applied to A/R.
Our parent company complains that this inflates our sales as nothing has shipped.
They invoice outside on the system and only post the full amount to A/R upon shipment. They collect the checks and apply to Customer advances until the project is closed.
I could use some help in this matter
How can I keep the partial payment invoices in the system, but not have them go to A/R until the work is done?
We enter the order such that each line item is a portion of the total. We print the invoices per the terms and mail to the customer. This is applied to A/R.
Our parent company complains that this inflates our sales as nothing has shipped.
They invoice outside on the system and only post the full amount to A/R upon shipment. They collect the checks and apply to Customer advances until the project is closed.
I could use some help in this matter
How can I keep the partial payment invoices in the system, but not have them go to A/R until the work is done?