Prepay vs. progress billing

Hi there,
I was looking over some information on progress billing and was curious if there was any write-up about this feature vs. just creating prepayments. I was trying to see why one would be preferable over the other or not.
We do a lot of custom long term work that can go out months. We typically take a deposit, and customers will sometimes make additional payments during the process so I’m just trying to see what advantage there is to the progress billing over what we’ve been doing.


Hi @J_Ochs

If you’re taking the deposit (i.e. posting cash), then using Prepayments (as you are currently doing) is likely the best thing.

Progress billings are useful for when you’re not taking cash payment immediately, but rather need to invoice for a payment, and you need to track the amount of time/aging between that invoice and the customer’s actual disbursement of payment to you.

Let us know if that makes sense or if you have any other questions!