Combine Retainer Invoices and Traditional Invoices
When I look at outstanding invoices I would like to see retainer invoices in the same place so I can see everything that is overdue in one place. Also, when receiving payments I would like to be able to apply the payment to an invoice or a retainer invoice or both. If a client writes us one check for three separate retainer invoices I have no way to apply it to all three invoices. It would make sense to include outstanding retainer invoices as an option when choosing "Payments Received". Today I received one check and am going to have to go in to 4 different retainer invoices for the client and receive payments for each one individually and the sum of the four will total the one check.
Emily Johnson commented
It is odd that retainer invoices don't show up as receivables. These invoices are particularly problematic if you operate on a cash basis. In my books they are earned income once paid and not a liability. I can't use a regular invoice, however, because I still need to apply billable time to them as a record for the client.