Deposit
A deposit is part of a job's price paid when the quote is accepted, before the work is done, to secure the booking and cover materials on bigger jobs.
Also called
- down payment
- upfront payment
- booking deposit
Deposits are common for large jobs, jobs with materials (sealing, staining) and customers you have not worked with before. They reduce cancellations and help cash flow.
State the deposit on the quote, record it when it is paid, and show it on the final invoice so the customer is never asked to pay it twice.
Formula
balance due = invoice total − deposit paid
Example
Invented: a $1,600 paver clean and seal with a 25% deposit. The customer pays $400 on signing and the invoice shows $1,200 due.
Track it in Birdy
Leads, quotes, jobs and invoices on one customer record, set up with your own data.
Related
- FeatureInvoicingInvoices drafted when a job is done, batch billing for HOAs, and reminders for late ones.Read
- FeatureQuotes and estimatesGood, better, best quotes from your own price list, signed on the customer's phone.Read
- GlossaryAccounts receivableAccounts receivable is the money customers owe you for work already invoiced but not yet paid.Read
- GlossaryNet termsNet terms are the number of days a customer has to pay an invoice after it is issued, such as net 30, common with commercial and HOA customers.Read