In general situation, after an invoice is issued, your customers will pay you for the goods or services rendered to them. To record a payment for an invoice you can use the Receive payments option, otherwise, if you receive cash that is not invoiced, you can use the Cash Receipt option under Banking. But if it is for security deposit only, you will have to issue the payment received under Security Deposit in TreezSoft.
What is Security Deposit?
Security Deposit is used to protect the provider of a product or service against damage or non-payment or any violation of terms and agreement by a customer. It is usually used by the service provider who provides services. (non-physical products). The security deposit is similar to a down payment by a customer just that it is not a payment for any products or services yet.
Security deposit in TreezSoft
You will need to create it under receive payments.
Navigate through: Customer > Receive Payments.
Click on the “New Receive Payment” button.
- You can search by the transaction date, and be able to sort by Cheque number or by the customer or which bank it is deposited to.
Retrieve - Enter your criteria and click on the “Retrieve” button to search.
- You can search for payments received using the List of payments received screen.
- Print selected record(s) - Allows you to print multiple orders. Orders are printed in PDF formats where you can send via email or send to your printer.
- Delete selected record(s) - Delete a selected record.
- Print Listing - This allows you to print the list of receipt payments.
For security deposit, choose 'Security Deposit' at the 'type' column.
Then, enter the details and click on 'Save' to confirm and proceed.
After saving, you can choose to void or delete the record by clicking on the Action > Delete or Void.
Should you have made any mistakes you can click on the hyperlink in the “List of Payment Received” to show the screen below to edit the Payment’s received.
A - It is important to enter the amount correctly in order to assign the credits accurately.
B - If payment received is under a different currency, you can get the latest rates from Google finance, by clicking the Get rate button.
Fields marks with an asterisk (*) are required fields.
You can read more on security deposits in TreezSoft by visiting these links:
You can also visit these links to read more about received payments in TreezSoft:
TreezSoft is a cloud accounting software for Small and Medium-sized Enterprises (SMEs). It allows you to access your financial information anytime, anywhere. It also allows you to have unlimited users for FREE for your account in TreezSoft. Our aim is to help reduce our clients' time spent on accounting mainly by using our automated processes and integration to help increase their company efficiency at a minimum cost. SMEs can use TreezSoft to keep track of their expenses, accounts, daily operation e.g. Point of Sales (namely QPOS) system and etc.
Visit TreezSoft at http://www.treezsoft.com/ to sign up for a 30 days trial account with us!
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