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
Customer Payments are typically applied to one or more Contract Invoices generated using the Application for Payment process, or created manually using the Contract Invoices form, or to the Sales Invoices. Important Note: If the payment amount is more than what the customer currently owes, the payment MUST be entered as a Customer Deposit. A
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)