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retainer credit

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Contributor

retainer credit

Hello everyone. couple of months ago i took a retainer of  $1,000 from a client to do Private Investigation work. Today we closed the case and their bill is approximately $1,400.00 I need to send them an itemized invoice to reflect total charges, time, mileage etc., But how do i credit them the 1,000 retainer within in that invoice, all of the lines seem to want to add, not deduct?

1 ACCEPTED SOLUTION

Accepted Solutions
Esteemed Advisor

Re: retainer credit

 

@Keith_S 

 

Make a line item for "Retainer" at 1000.00

Make another line item for "Services, etc [or whatever you prefer to label it]" at 400.00

Make another line item for "Retainer Paid: [Date] / [Transaction ID]" at -1000.00 (yes, put a minus sign in front)

 

And what you see owing in the invoice total would be the $400.00

 

Hope this works.


Kudos & Solved are greatly appreciated. 🙂

View solution in original post

2 REPLIES 2
Esteemed Advisor

Re: retainer credit

 

@Keith_S 

 

Make a line item for "Retainer" at 1000.00

Make another line item for "Services, etc [or whatever you prefer to label it]" at 400.00

Make another line item for "Retainer Paid: [Date] / [Transaction ID]" at -1000.00 (yes, put a minus sign in front)

 

And what you see owing in the invoice total would be the $400.00

 

Hope this works.


Kudos & Solved are greatly appreciated. 🙂

View solution in original post

Contributor

Re: retainer credit

Thank you very much!!


@sharpiemarker wrote:

 

@Keith_S 

 

Make a line item for "Retainer" at 1000.00

Make another line item for "Services, etc [or whatever you prefer to label it]" at 400.00

Make another line item for "Retainer Paid: [Date] / [Transaction ID]" at -1000.00 (yes, put a minus sign in front)

 

And what you see owing in the invoice total would be the $400.00

 

Hope this works.