A customer deposit payment is money from a customer to a company before the company earns it. It is a simple cycle whereby when the company receives cash from a customer and in return, they need to supply goods and services or return the money. Customer deposit accounting means that the funds will be credited.
Customer Deposit Payment Transaction provides you the following information:
Customer Credit Memo has an accounting impact.
Customer Deposit Payment can be created using Customer Deposit Invoice – for more information, click Creating Customer Deposit Payment using Customer Deposit Invoice