What is the difference between a deposit and a payment?

"Deposits" can be accepted for Orders, Quotes, and Repairs, whereas "Payments" can only be processed for Invoices.

When an invoice is created from an Order, Quote, or Service that contains a deposit, the deposit amount will be applied as a payment to the invoice. It's essential to note that deposits are not recognized as income until the entire balance is settled. 

However, regular payments are immediately classified as income upon receipt.