Xero - Receive and Refund Bond/Deposit
Invoice with full payment plus additional deposit/bond and refund of full deposit/bond amount only
Action in HirePOS
- Create Invoice for $200.
- Receive $500 ($200 payment plus $300 bond).
Outcome in Xero after export
- $200 payment is applied against Invoice in Xero and Invoice status changes to PAID.
- $300 Bond is applied as an 'Overpayment' and appears in Xero 'Account transactions' as $300 Received as Overpayment.
- $300 Bond is refunded and appears in Xero 'Account transactions' as $300 Spent as 'Payment' Cash Refund allocated against the original overpayment.