- The Difference between Upfront-Invoicing and Partial Invoicing – an Example
- How do Partial Invoices work?
- How do Upfront Invoices work?
- Accounting Information (Tips for Trustees)
The Difference between Upfront-Invoicing and Partial Invoicing – an Example
How do Partial Invoices work?
In this support section you’ll find out how you can generate partial invoices: Generating Partial Invoices
How do Upfront Invoices work?
There is no function available in Bexio that you can use to create upfront invoices. Since it is important to always work on projects with the notion of sales tax in mind, it is therefore unadvisable to generate upfront invoices as individual invoices.
In order to get around this issue, I recommend you use the following approach:
- Generate the order.
- The default position is to generate this and label it as “Advance Payment”
- Under the ‘settings’ tab in the order itself – select “tax exempt.”
- Send this order to the client.
- As soon as the client pays this order, the transaction becomes visible within the ‘banking’ area and is ready for comparison.
- Generate a customer invoice from this transaction for the contact.
- Generate a final invoice and allocate the customer invoice to this invoice.
Accounting Information (Tips for Trustees)
Transfer across to manual accounting.