Deposits

Deposit entries can be entered for a customer that represent a schedule of deposits due, deposits received, and deposits that have been applied to orders for the customer.  To access Deposits, open the Exhibitor in detail and click Deposits down the left hand navigation menu:

Deposits Due

Above the Deposits grid are several calculated values:

Field Name Comment
Total Revenue The total charged revenue for this customer (this total does not include any estimated revenue).
Deposits Due Total deposits due entered on the Deposits Due tab
Deposits Rec'd Total deposits received as entered on the Deposits Received Tab
Order Balances Due Total balances due across all orders
Remaining Deposits Due Total deposits entered less deposits already received
Deposits Applied Total deposit amount that has been applied (i.e. used) in orders
Deposits Remaining Total deposits remaining available to be applied to balances in orders

Deposits Due

Add Deposit Due

To add a new deposit:

  1. Click "Add Deposit Due" at the top or bottom of the grid.  A form appears.
  2. Fill in the details.
  3. Click Save.
Field Name Type
Name/Purpose The name of the deposit (for example, initial deposit or final deposit)
Due Date The due date of the deposit
Due Type Amount/Percentage. Defines the deposit the below value as either a percentage of the customer's order totals or as a flat amount as entered by the user.
Due Amount The Amount Due

Add Deposit Due

Edit a Deposit Due

  1. Open the Exhibitor and click on "Deposits" down the left hand navigation menu.
  2. Find the deposit on the Deposits Due tab you want to edit and click "Edit" in its row.
  3. Make any edits and click "Save".

Update Deposits Due - If your deposit due is entered as a percentage and you have changed the percentage as part of your edit, you should click "Update Deposits Due" above the Deposits Due grid to update the actual deposit amounts due.

Delete a Deposit Due

  1. Open the Exhibitor and click on "Deposits" down the left hand navigation menu.
  2. Find the deposit to edit and click the Trash Can icon (delete.png) in the far right column.
  3. Click OK to confirm you want to delete the deposit due.

Update Deposits Due

If a deposit is entered as a percentage, you might need to re-calculate the deposit due if orders are entered after the deposit schedule is established.  Clicking "Update Deposits Due" will re-calculate the actual deposits due based on the percentages entered for each deposit due entry and update the summary values above the Deposits grid.

Deposits Received

You can record any deposits received by the customer on the Deposits Received tab:

Deposits Received

Add a Deposit Receipt

To add a new deposit receipt:

  1. Click on the "Deposits Received" tab in the Deposits area for the customer. 
  2. "Add Deposit Receipt" at the top or bottom of the grid.  A form appears.
  3. Fill in the details.
  4. Click Save.
Field Name Definition
Payment Type

The type of Deposit provided by the customer.

The values available in this drop down list are maintainable in Boomer's Keyword Manager area. Instructions may be found here: Keywords (under the Deposit Payment Keywords definition)

Date Received

The date the deposit was received

Received Amount

The deposit amount received by the customer

Reference Number

Optional number to reference this deposit

Notes

Optional notes about this deposit

Date Posted

The date the deposit was posted

Add Deposit Received

Edit a Deposit Receipt

  1. Open the Exhibitor and click on "Deposits" down the left hand navigation menu.
  2. Click the "Deposits Received" tab.
  3. Find the deposit to edit and click "Edit" in its row.
  4. Make any edits and click "Save".

If you have applied any portion of the deposit received, you will not be able to edit it.

Delete a Deposit Receipt

  1. Open the Exhibitor and click on "Deposits" down the left hand navigation menu.
  2. Click the "Deposits Received" tab.
  3. Find the deposit to edit and click the Trash Can icon in the far right column.
  4. Click "OK" to confirm you want to delete the deposit receipt.

If you have applied any portion of the deposit received, you will not be able to delete it.

Deposits Applied

The deposit entries listed on this tab represent the portion of the deposit(s) received that have been applied to orders for this customer:

Deposits Applied

Applying a Deposit to an Order

Once deposits have been received, those deposits may be applied in a payment for one or more orders.  Apply a payment to an order as you normally would but choose "Deposit Withdrawal" as the payment method:

deposit withdrawal amount available.png

If you do not see Deposit Withdrawal in the Payment Method drop down list of values, you may need to activate that payment method in your store.  See Configure the Deposit Withdrawal Payment Method for simple instructions.

Applying a Deposit to Multiple Orders

You can apply a single deposit across multiple orders in order to quickly settle the balances of those orders.  This option is available at the top of the Orders grid:

apply_deposits.png

After selecting Apply Deposits, a screen appears listing all orders connected to customers who have available deposit balances that can be applied:

process_orders.png

You can select any combination of orders, or click the selection box in the upper left corner of the grid to choose all.  Boomer will then attempt to process the deposit against the selected orders, starting with the earliest created order.  If there is not enough deposit to settle the balances of all orders, the balances will remain and those totals reflected in the results grid.