Enter your idea

Please implement functionality to record and manage payments on account (advance payments or deposits) without immediately creating an invoice or recognizing revenue.
This is essential for businesses that routinely accept deposits (e.g., wedding services, contractors, event planners).
It aligns with standard accounting practices and revenue recognition principles, which is crucial for accurate financial reporting.
Currently, Xero expects me to record income (as an invoice) up to 18 months in advance! That's not acceptable from an accounting or business management perspective.
Having this functionality would allow us to:

Properly manage our customer deposits as a liability until the service is provided
Accurately reflect the customer's account balance
Maintain correct cash flow records without prematurely recognizing revenue
Generate more accurate financial reports and forecasts

This change would make Xero much more usable for businesses like mine and align it with common accounting practices used in other software.