What is Advance Cash on Delivery ?
Advance COD refers to the payment of an invoice that is less than the full amount due.
Why do customers make Advance COD?
In some cases, you might need to create an invoice where part of the total amount needs to be paid in advance just like a deposit. Cases like this are typical for businesses that provide services, where part of the final amount due will be required in advance as a sort of guarantee for completion of the payment.
If you are working in construction, you are probably already familiar with Advance COD. When working on large long-term projects under a contract, it can be hard to estimate the final cost; there might be some extra overhead expenses or problems which might be incurred. Therefore it’s common that the customer is invoiced and will make Advance COD until the job is fully completed.
Advance COD simply allow your customers to pay part of the total amount owed in installments as long as the total amount is paid before the required date.
COD Charge Extra : 100