Invoicing glossary
Deposit
A deposit is an upfront partial payment a client makes before work begins, with the balance invoiced later.
Deposit: a clear definition
Deposits (often 25–50%) reduce your risk on new clients and larger projects and help fund the work up front. Show the deposit and the remaining balance clearly so the client knows what's still owed on completion.
Deposit in Invco
Create an invoice with a line such as “50% deposit”, then invoice the balance when the work is complete. Add a note to the final invoice showing the deposit already paid so the client can see what's left.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, and Invco calculates subtotals, tax and totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Plans from $10/month.
Frequently asked questions
What is deposit?
A deposit is an upfront partial payment a client makes before work begins, with the balance invoiced later.
How do I invoice a deposit in Invco?
Create an invoice with a line such as “50% deposit”, then invoice the balance when the work is complete. Add a note to the final invoice showing the deposit already paid so the client can see what's left.
What is milestone payment?
A milestone payment is an invoice tied to the completion of a specific stage of a larger project, rather than billing the whole thing at the end.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
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