Follow an Invoice to Cash
Track an invoice through receivable, collection, and deposit matching.
Invoice lag $3,600 earned in May, paid in June. Revenue and cash can land in different periods. Invoice -> Receivable -> Cash The invoice creates a claim; payment settles it. Deposit = Sales Duplicates revenue when an invoice exists. No duplicate revenue. Match cash receipts to open claims before creating new sales. Invoice date The work is complete on May 31 and the invoice is sent. What should the invoice create? Payment date The $3,600 deposit appears on June 4. What do you check first? Now you try Fresh application: a $7,200 deposit combines two invoices and a $96 processing…
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