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 units of 10%, 20%, 30%, 40% or 50%. 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.
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, you will see a Deposit section in your payment configuration window
Hitting Request a deposit to be paid digitally will let you choose between a percentage or a flat amount.
Hitting Percent will allow you to choose a percentage.
Hitting Flat amount will allow you to choose an exact amount for your deposit.
How to request a deposit on an invoice on the Web App
In the edit invoice screen, you will see an area just below you payments setup where you can configure a deposit. Hitting Type will allow you to choose between a percentage or flat amount.
Choosing percent will allow you to select a percentage amount from a drop down list.
Choosing Flat amount will allow you to enter an exact amount for the deposit.