Foto SF - Support Centre

21 Nov 2009

Support Center » Knowledgebase » Producing Sales Receipts

	Producing Sales Receipts

Solution The best way to deal with sales receipts in FotoSF is as follows:

You book a wedding today and the the wedding is next year on 3 Jun 2010. The couple pay you £300 booking fee / deposit today and the total package is £1400.

- You raise a Sales Invoice for £300.00 today and allocate the payment received towards this invoice as paid.
- presuming that you take the balance 4-5 weeks before the wedding date. So next May you raise the balance invoice of £1100.

This keeps things very simple and straight forward. If for example you do raise the full invoice for £1400.00 today, then you have £1100 showing outstanding until next year which isn't due until next May or so. Also you are potentially paying income tax on sales which is 'inflated' and may cause cash flow problems with VAT, tax, etc.

Article Details

Article ID:

Created On:

03 Jun 2009 12:06 PM