Collect upfront payments with ease using Client Retainers. Send professional retainer invoices before a project starts to secure your services in advance. Ideal for consultants, freelancers, and agencies, this module ensures smoother cash flow and client commitment from day one.
Retainer invoices serve as formal requests for upfront payments before a project begins. They act as a deposit or prepayment, ensuring service availability and a clear financial commitment between you and your client. Ideal for securing long-term partnerships and improving cash flow stability.
A retainer invoice is used to collect advance payments from clients before work begins. These funds are held as liabilities until services are rendered, and cannot be recorded as immediate income. This approach ensures financial transparency and secures client commitment.
Use retainers to lock in client engagements before a project starts. This ensures resource allocation and prevents last-minute cancellations.
Retainer payments are recorded as liabilities until work is completed. Convert them into revenue only when services are delivered, maintaining accurate financial reporting.
Collect upfront payments to improve working capital and project planning. Reduce risk and maintain steady cash flow for your business.
In accounting, a retainer is an advance payment made by a client to secure future services. For "pay-for-access" retainers, the service provider commits to delivering a set number of service hours each month. Retainer payments are usually due immediately upon signing the agreement and are recorded as liabilities until services are rendered.
Record retainers as unearned revenue or liabilities until the service is delivered. This approach aligns with accrual-based accounting and maintains accurate financial reporting.
Monitor how many hours of service you’ve delivered against the retainer agreement. Stay compliant with contract terms and provide transparent usage reports to clients.
Automatically generate recurring invoices and track retainer balances. Simplify payment collection and notify clients when their prepaid hours are running low.
Tradoo ERP brings all your essential business functions under one intelligent platform — from sales, accounting, and HR to communication and customer support. With specialized modules built for every department, you eliminate fragmentation, boost productivity, and scale faster with confidence.
Unlock the full power of your business with Tradoo ERP’s premium add-ons — including Accounting, HRM, Invoicing, CRM, Support, Project Management, and more. Everything you need, all in one place.
Manage all your business operations seamlessly from one powerful platform. Tradoo ERP’s specialized modules are tailored to meet the unique needs of each department — whether it’s Accounting, HR, Sales, or Support — so you can work smarter, not harder.
