Invoicing terms

Retainer

An upfront payment that reserves a provider's time or services over a period.

A retainer is an upfront payment that reserves a provider's time or services. It can be a deposit that is drawn down as work is completed, or a recurring fee that keeps a professional on call for a set scope each month.

On an invoice, show the retainer received and deduct it from the balance due, so the client can see what has already been paid.

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