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.
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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.
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Roman commented
Totally agree.