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I use MS Access, and create my own reports. I have some

clients who send me one...
I use MS Access, and create my own reports. I have some clients who send me one check for entry fee payment and another payment which is a post-dated checks agreed upon to not be deposited until a certain date 4 months away before the event. Well, how do I show that post-dated check? As a payment? Or is it called something else in accounting terms?
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Answered in 1 hour by:
3/24/2018
Carter McBride
Carter McBride, Accountant
Category: Financial Software
Satisfied Customers: 1,275
Experience: Adjunct Professor
Verified
Hey! I'm Carter, I'm CPA and can help you out.
You can book that to a customer deposits account, which is a liability account since you're technically holding a future right to their money.
Let me know if you need anything else. If not, please leave a rating. Thanks!
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Customer reply replied 3 months ago
I don't know what that means. I want to send them an invoice, and I don't know how to indicate that post-dated check payment which i'm holding. Do I show it as a payment and call it "customer deposits"???
You can send them an invoice. Just show the prepayment as a customer deposits. The invoice would then show that they have nothing due.
Carter McBride
Carter McBride, Accountant
Category: Financial Software
Satisfied Customers: 1,275
Experience: Adjunct Professor
Verified
Carter McBride and 87 other Financial Software Specialists are ready to help you
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Customer reply replied 3 months ago
Thank you, ***** *****
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