Job Management Job Invoicing Hold Back Invoicing Overview
Hold Back Invoicing Overview (continued)
Below are the G/L transactions performed by the Job Invoicing and Job Closing processes.
Job Invoice - 3 Journal Entries are created
Job Invoice 1)
Debit: Accounts Receivable for the Total Invoice Amount
Credit: Sales Tax (if any)
Credit: Income Account(s) associated with the Invoice Item Codes used on the Invoice
Job Hold Back Credit 2)
Debit: Hold Back account from the Job Type setup (asset account)
Credit: Unapplied Credits
Job Hold Back Credit 3)
Debit: Unapplied Credits
Credit: Accounts Receivable
Job Closing Hold Back Invoice
Debit: Accounts Receivable
Credit: Hold Back account from the Job Type Hold Back Item Code (asset account)
Follow the topic link below for step by step instructions on creating Hold Back Invoices and Creating the Invoice for amounts held back during the Job Closing process.