Books - Deposits with Deskera

Deskera Books

Easy-to-use Online Deposit Software

Deskera Books Deposits
Deposits
Deskera Books Invoicing
Invoices
Deskera Books Pick Pack Ship
Pick Pack Ship
Deskera Books Inventory
Inventory
Deskera Books Warehouse Management
Warehouse Management
Deskera Books Dropship
Dropship
Deskera Books Billing
Billing
Deskera Books Back Orders
Back Orders
Deskera Books Expenses
Expenses
Deskera Books Payments
Payments
Deskera Books Receipts
Receipts
Deskera Books Bank Connect
Bank Connect
Deskera Books Bank Reconciliation
Bank Reconciliation
Deskera Books Accounting
Accounting
Deskera Books Multi-Currency
Multi-Currency
Deskera Books Credit & Debit Notes
Credit & Debit Notes
Deskera Books Financial Reports
Financial Reports
Deskera Books Business Dashboard
Business Dashboard
Deskera Books Quotations Estimates
Quotations/Estimates
Deskera Books Purchase Orders
Purchase Orders

Improve Your Cash Flow with Deposits

Deposits Provide Protection Against Nonpayment

Milestone Payments for Project-based Industries

Utilize Deposits Against Invoices with Ease

Meticulously Record Direct Payments

Choose the Deposit's Payment Method of Your Choice

Add Deposits on the Go

Consolidates Payments & Deposits in One Report

Easy-to-use Deposit Software for Your Business

Improve Your Productivity

You can save 200+ hours annually by switching to Deskera. Sign up today to see the difference.

FAQs

What is a deposit?

A deposit (also known as a down payment) is an advanced payment required before the fulfillment of an invoice. Deposits are usually required for orders that require a large number of products, customized orders, or services such as home improvement or repair services. The outstanding payment is due after the customer receives the goods or services in full.

Why do I need a deposit?

Introducing a deposit requirement for large or custom orders can significantly improve your cash flow as it provides you some resources before the final payment.
Additionally, a non-refundable deposit also discourages customers from defaulting on their orders and provides compensation if they do not pay in the end.

What is the difference between direct payment and advance payment?

Both direct payment and advance payment record the deposits from your customers. However, you can utilize advance payment against invoices to knock off the outstanding balances of the customers.

How can I add more bank and cash accounts to receive deposits?

When you create a deposit, you can choose which bank or cash account you want to deposit the money in.
To create more bank and cash accounts, go to Accounting > Chart of Accounts and click on the 'Add' button.

Can I create a deposit in another currency?

Yes, you can create a deposit in another currency based on the currency of the bank or cash account you choose.

What are the payment methods available?

If you create a deposit into a bank account, there are two payment methods: cheque and bank transfer. You can record a reference number for the bank transfer and a cheque number for the cheque method. There is no payment method if you create a deposit into a cash account.

How can I add more accounts to be used for deposits?

When you create a deposit, you can choose which account you want to credit.
To create more accounts, go to Accounting > Chart of Accounts and click on the 'Add' button.

Can I edit my deposits?

Yes, you can edit, copy, print, and delete deposits by clicking the 3 dots on the right-hand side of the deposit.

Buying Tip from Deskera

You will be able to see the outstanding amount of any Bill. Indicate the Currency, Amount to be paid, and the Account used to deduct the Payment – Cash or Bank, or other Bank accounts created previously.