Billing Question

[PavelComm]

How do you handle billing projects where they are billed to a leasing company with Prefunding and down payments?

Example:
Sales team sells a 100K deal thru Leasing Company XYZ.
Leasing company wants a bill for 70% of total for prefunding.
THen we have no way to track last 30%. if we bill the total project then Between Tigerpaw and AccPac our accounting system it doesnt log the payments correctly then either starts billing interest when it shouldn't be or doesn't track it back to the project.

How do you all bill when there is down payments and Prefunding? Any help would be greatly appreciated.

[ccsolutions]

If you are using Projects you would use progressive billing for this requirement and you would have the leasing company setup as an Account in Tigerpaw and also as the Primary Bill to Account for the customer that is buying the equipment.

http://userguide.tigerpawsoftware.co...nformation.htm

Once the leasing company has confirmed the lease, move the quote/proposal to a Tigerpaw Project and raise an invoice for the 70% using Progressive billing. Do this from the Project not the service order.

http://userguide.tigerpawsoftware.co...onProjects.htm

Once you have your 70% you can then commence the work and track the progress through the Tigerpaw Project. At the appropriate time you can then invoice the final 30% as required. This can be done as a once off or in increments.

There's more to this than just that, but that will get you going.