Invoice Simple gives you the ability to request a deposit from your customers. If you are set up to accept payments with PayPal, you can request a deposit taken from the total amount of the invoice in a percentage of up to 50% or by a manually entered flat amount. You can also request a flat amount as a deposit. Please bear in mind that the percentage option takes a percentage from the total after tax. If you would like to request a pre-tax amount for the deposit, choose the flat amount option. Deposits are only available to users with a Premium subscription.
How the deposit looks on your invoices
Let's say you have an invoice with a total of $5,000.00 and you want to request a deposit of 10% of the total. Adding a 10% deposit will change the Balance Due to this:
The Balance Due is now $500.00, or 10% of 5000.00. When your client views the invoice you send them, the will see they owe $500.00. The payment screen for the invoice will now show the deposit owing along with the percentage of the deposit.
Once the deposit is paid, the invoice will show the paid amount with the date paid and subtract it from the final amount.
How to request a deposit on an invoice on the Mobile App
In the edit screen for your invoices, toggle Request Deposit on.
From here, hit Type and choose either Percentage or Flat Amount
Designate an amount and the deposit request will be automatically added to the invoice.
How to request a deposit on an invoice on the Web App
In the edit invoice screen, Hit Payment Scheduling. Next, Hit Request Deposit
Hit type and select either Percentage or Flat Amount.
Select an amount and the deposit request will be automatically added to your invoice.