Deposit Invoice
Definition
An invoice requesting an upfront partial payment before goods or services are delivered. The deposit is later offset against the final invoice for the balance.
Related Terms in Invoicing & Sales
Consolidated Invoice
A single invoice combining multiple orders, deliveries or periods for one customer, reducing paperwork and simplifying reconciliation for both parties.
Billing Cycle
The recurring interval over which a business invoices a customer — for example monthly or quarterly. A consistent billing cycle makes revenue and cash flow more predictable.
Credit Limit
The maximum amount a business allows a customer to owe at any time on credit terms. Setting and enforcing credit limits controls the risk of bad debts from over-extended customers.
Credit Control
The process of managing which customers get credit, on what terms, and how overdue amounts are chased. Strong credit control protects cash flow and reduces bad debts.
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