Bookkeep a deposit or prepayment to a customer credit account

Each customer you add to Wave will automatically have a Wave-made customer credit account to use for invoice deposits or prepayments.

If you previously used a manually created customer credit account and there is a balance, see Transfer a deposit or prepayment from a manually created customer credit account.

If you receive a customer deposit or prepayment and do not have an invoice to apply the funds to, bookkeep the funds to the customer’s credit account.

1. On the left side menu, click Accounting > Transactions.
2. Find the deposit transaction or create a new income transaction, and enter the date, amount and account.
3. For the Category, click Customer Prepayment, Deposit, or Payment on Account, then select the customer. This increases their prepayment account by the deposit amount.

To track your customer credits, view the customer credit report.

Learn how to apply a customer credit to an invoice.