Keep up to date with advance payments and cash deposits in a single view.
Improve Your Cash Flow with Deposits
Struggling to maintain positive cash flow? Request an advance payment or deposit and offset it against future invoices.
Provide your business with much-needed financial resources before the final payment. Say goodbye to cash flow worries and focus on exceeding your customer's expectations.
Deposits Provide Protection Against Nonpayment
It is paramount for companies, especially small businesses, to have protection against customers not paying for their orders.
Implement a non-refundable deposit to discourage customers from defaulting on their orders. Provide your business with compensation if customers do not pay in the end.
Milestone Payments for Project-based Industries
Deposits in the form of milestone payments are commonplace in the construction and project-based industries, where completion of a request can take up to months or even years.
Milestone payments help companies, especially small businesses, to improve their cash inflow and support their operations.
Choose the Deposit's Payment Method of Your Choice
There are multiple ways your customers can make payments to your business: cash, cheque, or bank transfer.
Track the payment method of the deposits by selecting an option from the dropdown. Record the reference number for bank transfer and cheque number for cheque receipt in seconds.
Add Deposits on the Go
It can be frustrating if you have to use your laptop each time you record a new deposit, especially when you are out meeting with clients. Deskera Mobile App will help you to solve just that!
Add deposits on the go and manage them seamlessly. Create direct payments and advance payments in real-time across all devices: PC, laptop, tablet, and mobile phones
Consolidates Payments & Deposits in One Report
Managing payments from customers can be overwhelming as there are direct payments, advance payments, and payments against invoices.
The Receipt List Report helps you to tackle this challenge by compiling all types of payments and deposits into a single report. View all records in real-time and export out in excel or pdf.