Progress Billings

Yahoo Archive
1
/we create Milestones in Projects and invoice from there. We then apply
cash to those invoices created.

E Carson
--- In vantage@yahoogroups.com, "Manasa Reddy" <manasa@...> wrote:
>
> We do advance billing instead of payments...that way we don't need to
> apply cash receipts.
>
>
> M. Manasa Reddy
> manasa@...
> P: 630-806-2000
> F: 630-806-2001
>
>
> ________________________________
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On
Behalf
> Of Mark Wagner
> Sent: Thursday, May 21, 2009 9:32 AM
> To: Vantage User Group
> Subject: [Vantage] Progress Billings
>
>
>
>
>
> We are invoicing customers 50% up front, 25% when manufacturing
starts,
> and the final 25% upon shipping. We are using advanced payments for
each
> of the payments and then generating an invoice after shipping. We are
> then applying cash receipts against the invoice
>
> Is this the best way to handle or is anyone doing it differently?
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
2
We are invoicing customers 50% up front, 25% when manufacturing starts, and the final 25% upon shipping. We are using advanced payments for each of the payments and then generating an invoice after shipping. We are then applying cash receipts against the invoice
Â
Is this the best way to handle or is anyone doing it differently?




[Non-text portions of this message have been removed]
3
We do advance billing instead of payments...that way we don't need to
apply cash receipts.


M. Manasa Reddy
manasa@...
P: 630-806-2000
F: 630-806-2001


________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Mark Wagner
Sent: Thursday, May 21, 2009 9:32 AM
To: Vantage User Group
Subject: [Vantage] Progress Billings





We are invoicing customers 50% up front, 25% when manufacturing starts,
and the final 25% upon shipping. We are using advanced payments for each
of the payments and then generating an invoice after shipping. We are
then applying cash receipts against the invoice

Is this the best way to handle or is anyone doing it differently?

[Non-text portions of this message have been removed]






[Non-text portions of this message have been removed]
4
We essentially do it the same way. By "advance payments" I assume you mean
"Advance Billing" invoices?



Edward F. Fox, Jr., CPA

Controller

Maxson Automatic Machinery Company

Phone 401-596-0162 a Fax 401-596-1050

www.maxsonautomatic.com

_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Mark Wagner
Sent: Thursday, May 21, 2009 10:32 AM
To: Vantage User Group
Subject: [Vantage] Progress Billings








We are invoicing customers 50% up front, 25% when manufacturing starts, and
the final 25% upon shipping. We are using advanced payments for each of the
payments and then generating an invoice after shipping. We are then applying
cash receipts against the invoice

Is this the best way to handle or is anyone doing it differently?

[Non-text portions of this message have been removed]





[Non-text portions of this message have been removed]
5
yes...we do apply cash receipts...I don't know what I was reading....



M. Manasa Reddy
manasa@...
P: 630-806-2000
F: 630-806-2001


________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Manasa Reddy
Sent: Thursday, May 21, 2009 9:38 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Progress Billings





We do advance billing instead of payments...that way we don't need to
apply cash receipts.


M. Manasa Reddy
manasa@... <mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001


________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Mark Wagner
Sent: Thursday, May 21, 2009 9:32 AM
To: Vantage User Group
Subject: [Vantage] Progress Billings

We are invoicing customers 50% up front, 25% when manufacturing starts,
and the final 25% upon shipping. We are using advanced payments for each
of the payments and then generating an invoice after shipping. We are
then applying cash receipts against the invoice

Is this the best way to handle or is anyone doing it differently?

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]






[Non-text portions of this message have been removed]
6
We have similar terms. We do a deposit invoice for the upfront amount. Then, we do an advance billing for the full amount before shipping and we give credit on the advance billing invoice for the deposit previously paid (and that particular process involves an interesting little kludge).

Thom Rose
Controller
Electric Mirror LLC
HOTEL LUXURY

"The World Leader in Back-lit Mirrors & Mirror TV Technology"

T 425 776-4946
A 11831 Beverly Park Rd, Bldg D, Everett, WA 98204 USA
www.electricmirror.com<http://www.electricmirror.com>

Note: The information contained in the e-mail, including any attachments, is legally privileged and confidential. If you are not the intended recipient you are hereby notified that any reading, use or dissemination of this message is strictly prohibited. If you have received this message in error, please immediately notify us by telephone at 425-776-4946 and delete this message from your system. Even though this e-mail and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free, and no responsibility is accepted by Electric Mirror LLC for any loss or damage arising in any way from its use


From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Mark Wagner
Sent: Thursday, May 21, 2009 7:32 AM
To: Vantage User Group
Subject: [Vantage] Progress Billings





We are invoicing customers 50% up front, 25% when manufacturing starts, and the final 25% upon shipping. We are using advanced payments for each of the payments and then generating an invoice after shipping. We are then applying cash receipts against the invoice

Is this the best way to handle or is anyone doing it differently?

[Non-text portions of this message have been removed]



[Non-text portions of this message have been removed]