Entering beginning balance for client prepayments

If you have received prepayments (retainers) from clients prior to your beginning balance date, enter the outstanding balance per client. Amounts entered here should equal the amount entered to the client prepayments account in your trial balance.

1. From the Setup menu, click Clients.
2. Click the client that you want to enter prepayments for, and click Edit.
3. On the General tab, enter the prepayment beginning balance on the upper right of the window.
4. Click Save.
5. Click Close.
6. If you use multi-company, you must associate a prepayment with a project before you can apply it.

Associate a prepayment with a project

1. From the Manage menu, click Client Receipts > Existing.
2. Click (Change View), select the client associated with the prepayment, and click OK. The prepayment appears in the table.
3. Select the prepayment and click Edit.
4. In the Prepayments table at the bottom, select a project for the prepayment and click Save.

See also

About entering beginning balances