Professional Services
Client Advance Offset Against Progress Invoice
Applying the client's advance deposit against the first billing milestone.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Advance from Client (Unearned Revenue) | Liability (−) | 5,000.00 | - |
| Accounts Receivable (Invoice Balance Due) | Asset (+) | 5,000.00 | - |
| Professional Fee Revenue | Revenue (+) | - | 10,000.00 |
💡 Accountant's Note
When the milestone is reached, the full revenue is recognized. The advance is offset, leaving only the remaining balance as a receivable. The client owes JOD 5,000 in cash (the invoice less the deposit already held).
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