Sales

Tracking work on retainer

In MYOB AccountEdge, there are two ways to track work on retainer. The first is to create a customer credit for the retainer amount and then apply the outstanding payment to invoices you record for the customers who retain you. The other is to create an order on which you can enter billing information when you're ready to record it as an invoice. Either method will work well, but each affects your accounts in a different was. You may want to ask your accountant which method is best for you.

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