Creating an invoice to be paid in two installments?

Hi there,

I own a small Photographic Services business and have not been able to find a way to fit my billing system into Zoho, or any other Accounting software.

The way my payments work is:

1. Customer pays 50% of total price of service to secure their event date. This may be months away form their event.

2. 5 days before their event, the customer is requested to pay for the second half of the total price for the service.

I would really like to set this up so that I only have to send them once invoice, which essentially has two due dates, with the requested amount split in between those two dates.

This would help me have a more accurate view of:

- Money foreseen to be coming in each month for the next few months.

- Customers really owing money. (As of now, I have to set the date of the invoice to either 5 days from the send date (which is when I expect the first 50%), OR the customer's event date (which is when I expect the second half). Therefore, a customer may not have paid the first half on the date we agreed as a limit, but it will not show as overdue, since the due date is not set until months from now. Or, if I do the second option, and the customer pays the first 50% on time, I record the payment, but since it is only a partial one, the invoice appears as Overdue even though they are on track with their payments.

I could change the due date once the first 50% is paid (not sure if this is even possible), but still the forecasts of money expected to be coming in in future months would be inaccurate for the first half of the process.

Is there any way to solve this in Zoho?

I appreciate greatly your replies.

Carmen

Zoho Desk Resources

Desk Community Learning Series
Digest
Functions
Meetups
Kbase
Resources
Glossary
Desk Marketplace
MVP Corner
Word of the Day

Sticky Posts
[Webinar] Understanding the New Invoice Management Systems
Join industry expert CA Pritam Mahure as he discusses the importance of the new Invoice Management System (IMS) and its impact on taxpayers. Topics Covered: - Concept of IMS and pre-requisites - Applicability and Restrictions on Invoices/Records for IMS
Latest Updates of the 53rd GST Council Meeting & Its Business Implications
Join industry expert CA Venugopal Gella as he discusses the importance of 53rd GST Council Meeting, the latest notifications and changes introduced by the Finance Act 2024. Register Now: https://zoho.to/GST_Webinar
Best practices for financial year-end closing with Zoho Books | Free Webinar
Ready to close your year-end finances like a pro? Join our free webinar and learn how Zoho Books helps you maintain clean accounts, carry forward balances, and get geared up for the new financial year. Register now - https://zoho.to/9f1
Zoho Books will discontinue support for older browser versions soon
Hello users, Starting from May 15, 2024, Zoho Books will no longer support the following browser versions: Browsers Version Restrictions Firefox Browser Versions older than 100 Google Chrome Versions older than 100 Microsoft Edge Versions older than 100
Master the art of budgeting with Zoho Books | Free Webinar | 4th & 5th March 2024
We're thrilled to launch the Zoho Books monthly webinar series! Don't wait to conquer your finances in 2024! Budgeting can be easy with Zoho Books. Join our FREE webinar and learn how to set and track goals, master budgeting, and unlock insights to make