Calculate required upfront advance deposit and remaining final balance.
Find how much to collect upfront and how much remains for the final payment with this free calculator.
An advance payment calculator finds the deposit amount and the remaining balance when a percentage is collected upfront. If you charge 30% advance on a 100,000-rupee project, the advance is 30,000 and the balance is 70,000.
Advance payments protect you against project abandonment and ensure clients are committed before you start work.
Advances protect you from scope creep, project cancellation, and non-payment. If a client walks away after you start work, at least you have collected part of your fee.
For large projects, a 30-50% advance is standard practice. For first-time clients, some businesses collect 50-100% upfront.
50/50: Half upfront, half on completion. 30/70: 30% advance, 70% on delivery. 3-stage: 30% upfront, 40% midway, 30% on completion.
The right structure depends on the project size, duration, and client relationship.
Enter the total project or order value and the advance percentage. The calculator shows the advance amount and the remaining balance.
Use these figures when creating a proforma invoice for the advance and a final invoice for the balance.
Under GST in India, advance payments for services attract GST at the time of receipt, even before the service is delivered. Issue a receipt voucher for the advance and offset it when raising the final tax invoice.
Consult a tax advisor for your specific advance payment scenario.
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Common questions about Advance Payment Calculator: Calculate Deposit and Remaining Balance on Tez Invoice.
It calculates the upfront deposit amount and remaining balance based on a percentage of the total project or order value.
Multiply the total value by the advance percentage. Subtract the advance from the total to get the balance.
30-50% is common for services. For manufacturing or large orders, 50% or more is typical.
Yes. Under Indian GST, advances for services attract GST at the time of receipt. Consult a tax advisor.
Use the free Receipt Generator or Invoice Generator on Tez Invoice to document the advance payment.
Yes. Free with no sign up.
Yes. Fully responsive.
No. In-browser only.
Yes.
Use the free Invoice Generator on Tez Invoice.