What Is a Retainer Invoice?
Retainer In Accounting
The term “retainer” in accounting means the client pays a part or all of the services as an advance. If, in case, the retainer is “pay for access,” it means the business or service provider must provide services to the client regularly for a set number of hours every month. Also, the retainer payment must be paid immediately after the agreement is signed.
- Proposal to Retainer Conversion
- Prepayment for Invoices
- Retainer to Invoice Conversion
- Payment statuses – draft, open, accepted, declined, close
- Payments can be done with the help of multiple payment gateways