Accounting for deposits in Cash Overview

Subscribe to Accounting for deposits in Cash Overview 5 post(s), 2 voice(s)

 
Avatar AdamJ 51 post(s)

Im referring to the Cash Overview panel on the home page (and the cash graph there also).

I’ve just accepted payment of a couple deposits, which as theyre not invoiced, are recieved as just payments. This has consquently pushed my cash collected above my cash invoiced level, giving me an ‘Over-payment’ figure. I use the figure in the Cash Overview to quickly tell me how much I am still owed from clients, so the over-payment kinda ruins that.

Could the Cash overview calculations there account for a deposit that hasnt been applied to an invoice yet? So for example, say I have $200 outstanding and have just accepted a $500 deposit, the current situation would be:

Invoiced: $2000
Collected: $2300
_ _ _ _ _ _ _ _ _ _
Over-payment: $300

Where as I think this might be more useful:

Invoiced: $2000
Collected: $2300
Deposits: – $500
_ _ _ _ _ _ _ _ _ _
Outstanding: $200

Thanks in advance

 
Avatar Seth - Subimage LLC Administrator 445 post(s)

In short, no.

I believe the calculation as it stands is succinct and clear as it should be.

What you’re really looking for I believe is under the “Account Balances” link, which is accessible at the bottom of the Cash Overview panel. You’ll see balances broken down by client which should make it easy to see who owes you money.

 
Avatar AdamJ 51 post(s)

It’s not so much who owes me the money, just that when I logged in, the Account Balances calculations quickly showed me what was owed to me at a glance. Once an API is released for Cashboard I’ll probably just write a little widget to display that information on my desktop, but there’s probably a few more important things you want to implement before that.

This might get a similar answer, but could then the Outstanding Invoices alert be changed slightly to “You have 2 outstanding invoices totalling $1000.00”?

 
Avatar Seth - Subimage LLC Administrator 445 post(s)

This might get a similar answer, but could then the Outstanding Invoices alert be changed slightly to “You have 2 outstanding invoices totalling $1000.00”?

Perhaps. I’ll consider it. So many things, so little time ;)

 
Avatar AdamJ 51 post(s)

I forgot to add it would make Cashboard perfect if you did it, and I would sign up if it was added!

joking, thanks for considering it Seth :D