Invoicing

    Deposit invoice

    An invoice issued specifically to collect an upfront deposit.

    Definition

    Separate from the final invoice — the deposit invoice is paid first, then credited as a line item on the final invoice. Keeps the accounting clean for jobs that span tax periods.

    Related terms

    Deposit

    An upfront payment that reserves the job or covers materials.

    Progress billing

    Invoicing a long job in installments tied to completion milestones.

    Invoice

    A document a business sends a customer requesting payment for goods or services.