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Usually in our company we have multiple invoices issued to our clients during the job.
First we send them Pro Forma Invoice and then a chain of interim (partial invoices).
The last one invoice we send to our client is the Final Invoice. It has NO new items but all items from previous chain of invoices and simply states the Amount that is still left to pay.
We are developing a small accounting computer program for our internal company needs. My question is how to register this Final Invoice into the Accounting system? Should we register it as one more transaction and Void all previous chain of invoices and re-link previous payments on them to this Final Invoice? Is that normal practice?
Any tips are highly appreciated. Thank you!
Michael,
First we send them Pro Forma Invoice and then a chain of interim (partial invoices).
The last one invoice we send to our client is the Final Invoice. It has NO new items but all items from previous chain of invoices and simply states the Amount that is still left to pay.
We are developing a small accounting computer program for our internal company needs. My question is how to register this Final Invoice into the Accounting system? Should we register it as one more transaction and Void all previous chain of invoices and re-link previous payments on them to this Final Invoice? Is that normal practice?
Any tips are highly appreciated. Thank you!
Michael,