
About Retainers
A retainer is a fee paid in advance in order to secure your services. It may also be called a down payment, a prepayment, or an upfront fee. In Billings Pro, retainers are grouped by clients; if you receive money from a client as a prepayment for services you will render, you can deposit it into a retainer, and later apply that retainer as payment against an invoice.
Billings Pro keeps track of the retainer amount available for clients. When you add a payment using retainer as the method, or when you create an invoice that uses a retainer, Billings Pro reduces the available retainer balance.
Billings Pro has specific reports that display information about retainers. To access these reports, choose View > Reports and run a report.