Retainer Invoice

Retainer invoice

Normal businesses operate on sale and payment agreements. Customers purchase products and then make payments for those products. But some businesses and even some customers may be interested in making advance payments. Some businesses might have advanced payment agreements. The main objective of such a clause is to avoid any losses in the future. The amount collected in advance will be treated as a liability by the company. The liability converts into revenue only when the goods are delivered. Businesses and customers have a special relationship with each other. Maintaining…

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