The business clarity series · Video 07
A Customer Deposit Doesn't Mean the Order Is Paid
A customer pays a deposit. Great news. But the order still needs a clear record of what's due next.
0:41 · English narration · Captions included in the video
Full transcript
A customer pays a deposit. Great news. But the order still needs a clear record of what's due next.
Take a fictional fifteen thousand dollar equipment order. A three thousand dollar deposit leaves twelve thousand dollars remaining.
Document the deposit, remaining amount, and agreed payment terms. Receiving cash does not automatically make it earned revenue.
Before delivery, review payment status, supplier and stock status, and delivery arrangements. Check the contract and your accounting policy.
See the full illustrated equipment order example at YourAI Ledger dot com, and keep every stage of the order clear.
Illustrated educational overview. Examples and amounts are fictional where shown. Confirm accounting and tax decisions with a qualified professional.