To enter an advanced payment

1. On the Process menu, click Cash Receipts.
2. Enter the deposit information.
3. Enter a receipt (or cheque) number in the Receipt No column.
4. Enter the amount of the advanced payment.
5. Enter the client number. At this point, the payment is now set up as an advanced payment.

Notes

• An advance payment or a retainer is a payment on account that is not applied to a specific invoice. A retainer or advanced payment can be reconciled (applied to invoices) through the Cash Receipt screen if it was prepared in the current processing period or through the Account Reconciliation screen if it was prepared in a previous processing period.