Need invoicing workaround

You've got a choice: 1 client and 1 payment OR multiple clients & multiple payments. You can't have multiple clients and 1 payment.

AAAAHH he says, but I've only got 1 deposit to the bank. The remedy to that is: record the appropriate amount to each separate invoice. "Deposit" the invoice payments to an "Undeposited Checks" account (that you create as a business asset account. Record the actual single bank deposit as offset to the U-C account.

QED

Dan,

Very innovative, thanks. That would work great and would solve the problem perfectly.

Best regards. John.

Thanks for the compliment ... but I must admit that the idea actually originates with Quickbooks, which automatically sets up a U-C account for the user.

Why H&B doesn't do the same remains a mystery to me.

db

Dan,

You helped on another post and it was also an "Undeposited Checks" opportunity. I like the Undeposited Checks idea because it is powerful -- so thanks for that.

Just wanted to share with you how I solved this problem. I used your

1 client and 1 payment idea. Since "Corporate" is really the client and the various projects really just order the service and approve invoices, I made Corporate the client. To solve the necessity to invoice specific to the project, I still create one invoice per project but bill Corporate. Then, in the body of the invoice, the first line is used to identify the specific project and approval authority. That way, the project manager sees his identifying information readily in the body of the invoice and when it gets to corporate, since they get an invoice for each project, by reading the first line, they can easily differentiate between projects as they pay. Works great. Thanks for your help.

John.