While a customer deposit may be something that typically occurs before the start of a job, it is important to know that the Customer Deposit process in BIS is also used when receiving a customer payment that is over the amount of what has been currently billed. The reason for this is that the amount
The Billing Statements form is designed to prepare periodic customer billing statements, which detail both outstanding invoices and customer payments. Statements can be prepared for one, multiple or all customers, including or excluding those with a zero balance. When preparing billing statements, BIS will calculate and automatically create an invoice for any finance charges (interest)
Occasionally, a user has a customer and vendor that is the same company. Although the books would be “cleaner” if the transactions in each venue were kept separate, sometimes it just doesn’t happen. This information covers a case where the customer/vendor makes a payment that is reduced by the amount of the invoice it received.
Overview As most users know, there are no shortcuts to a correct transition to a new accounting program. Even those who claim to transfer “everything,” only (as a rule) transfer balances, and not detailed transactions. Though balances are essential, they are not anywhere near complete, and will leave users frustrated, and worse, usually facing inaccurate