Types of Transactions

A deposit is an amount paid before invoicing occurs. Deposits are applied to a reservation and automatically reduce the balance due when the reservation is invoiced.

A damage deposit is a special type of deposit that is not applied to an invoice. Instead, you return the deposit by voiding the damage deposit transaction if no damages occur.

A payment is an amount applied to an invoice to reduce the outstanding balance.

A pre-payment is similar to a deposit and is applied to a reservation before invoicing.

An adjustment modifies the amount due on an existing invoice.

For example, if you invoice a customer for $202.00 and receive a payment of $200.00, you can enter a negative adjustment of $2.00 to close the invoice.