A down payment is an initial, partial payment, with the agreement that the rest will be paid later. For expensive orders or projects, it is a way to protect yourself and make sure your customer is serious.
First time you request a down payment
When you confirm a sale, you can create an invoice and select a down payment option. It can either be a fixed amount or a percentage of the total amount.
The first time you request a down payment you can select an income account and a tax setting that will be reused for next down payments.
![](../../_images/down_payment01.png)
You will then see the invoice for the down payment.
![](../../_images/down_payment02.png)
On the subsequent or final invoice, any prepayment made will be automatically deducted.
![](../../_images/down_payment03.png)
Modify the income account and customer taxes
From the products list, search for Down Payment.
![](../../_images/down_payment04.png)
You can then edit it, under the invoicing tab you will be able to change the income account & customer taxes.
![](../../_images/down_payment05.png)