deposit-collection

To collect upfront customer deposits in QuickBooks, this skill automates creating a deposit as a liability and sending a payment link after owner approval. It requires the customer, job description, total amount, and optional deposit percentage to initiate the process.

Netting a prepayment against a final invoice works by tracking the deposit status, confirming when funds clear, and automatically deducting the held liability from the final billed amount. This prevents revenue mismatch and ensures accurate job invoicing.

Yes, collecting deposits as a liability requires explicit owner approval before any money moves. The skill ensures safeguards are in place, preventing payment links from being sent to customers or QuickBooks until authorized.

Yes, you can handle tax treatment variability and failed jobs when collecting prepayments. The skill applies safeguards to manage cancelled jobs and adjusts tax treatments across service-based projects to ensure accurate liability recording.

The best way to secure cash flow before work begins is to automate upfront deposit collection for booked jobs. This process records the deposit as a liability in QuickBooks, sends a payment link, and nets the amount against the final invoice.