A House Account is a credit-based payment option that allows regular catering customers (such as corporate clients, event planners, or institutions) to place orders without making an immediate payment. Instead, they receive an invoice and are given a set period (e.g., Net 15, Net 30) to pay the balance.
How House Accounts Work in CaterZen
- A customer places an order and selects House Account as the payment method.
- An invoice is generated and remains outstanding until payment is received.
- The balance is tracked in the Accounts Receivable Aging Report to monitor overdue invoices.
- The customer makes a payment via check, credit card, or ACH, which is then applied to their account.
Tip: Regularly reviewing the Sales Journal Report and Aging Report helps ensure prompt collections and minimizes overdue balances.
Why Use House Accounts?
- Convenience for corporate clients – Businesses prefer invoicing over per-order payments.
- Encourages repeat catering orders – Clients are more likely to order frequently when invoicing is an option.
- Improves cash flow management – Allows for predictable revenue tracking.
Important: To minimize risk, consider setting credit limits for new house account customers and enforcing a strict payment policy.