Invoice "Amount Paid" line
Can someone explain this to me please, For projects we typically require a downpayment and we invoice separately for this, at the end of the project it would be great to be able to create a final invoice for the relevant products/labour and then mark the "Amount Paid" from the first down-payment invoice, effectively giving a discount off the final invoice. Is this what this line is designed for?
4 Replies
‘Less amount paid’ is for when a partial payment has been received in Xero/QBO and applied to the invoice.
In your scenario, you would just ask for a partial payment E.g 50% or $1000 upfront and then re-send them the invoice again at the end of the project (it will reflect the upfront partial payment).
Can you walk me through that process a little? So we invoice for the 50% out of Gorelo, the customer pays and that closes that invoice right, so how do we reference that payment on the final invoice? Or is the assumption that the first invoice is actually sent from Xero and not from Gorelo?
You would invoice for the full amount from Gorelo and just ask for 50% down payment to get started. That payment would then be reconciled against the invoice in Xero and synced back to Gorelo. On completion of the project, you send the invoice again from Gorelo and it will show the 50% down payment in 'Less Amount Paid' and the 'Amount Due' will be what's remaining (the other 50%).
AH now i get you