Billing
The Propcart Billing system is divided into four tabs: Invoices, Bank Deposits, Credit Memos and Reports.
Billing is separated from the Sales side of the Dashboard because some larger prop houses have a separate team that handles the billing/accounting work and want hide it from other employees.
Invoices
In Propcart, Orders are lines on an Invoice.
Bank Deposits
This tool allows you to split bank deposits into smaller payments over one or more invoices to log those invoices as paid.
Credit Memos
A credit memo holds money you owe an account, like an invoice's overpayment or a credit you give for a billing error, until it's spent on another invoice or refunded.
Reports
Billing Reports include:
- Invoiced Sales Summary
- Accounts Receivable Aging Summary
- Sales Tax Summary
- Payment Summary