CenterPoint® Accounting - Customer Deposits, Prepayments and Overpayments Video -
Duration: 12 min 19 sec

Customer Deposits, Prepayments and Overpayment Processing Document

 

This video discusses customer deposits used to record prepayments from customers for purchase of future goods or services and overpayments received from your customers as unearned revenues that are posted to a Customer Deposit liability account. Note: If you are using CenterPoint Accounting for Agriculture or CenterPoint Fund Accounting, the Advanced A/R add-on module is necessary to use the customer deposit feature.