Accounting for service companies
A service company’s revenue is proven by acts and contracts, and payment often arrives in parts. Centa AI links each payment to its act or contract, keeps payment schedules and shows how much each client owes. Profitability methodology requires separate accounting acceptance.
- Acts and invoices from PDF or a manually uploaded Didox export are matched to incoming payments.
- A contract is a reference document: it is not a debt until an invoice or act is issued.
- A payment schedule per contract: 4 × 25 million — paid, overdue, upcoming; deadline reminders.
- A part payment reduces what is owed on the invoice instead of closing it.
- The client profitability report is planned after acceptance of its methodology and cost-allocation rules.
How to account for part payments — in the installments and part payments guide.