Before creating invoice can we pay in AP

[ratnalusantosh]

Hi,

Invoice date is 15th nov 2008
Payment date is 10th nov 2008

This is in payable can we pay the amount in before creating the invoice if yes than how we can do

Please send me answer

Thanking you
santosh

[oteixeira]

Hello.

To pay some amount in AP, the record to be paid must exist. If you do not have the invoice at the time of issuing the payment you can record an invoice of type Prepayment and pay it. Later, when you receive the final invoice you can apply the Prepayment to that invoice and it will get paid.

Octavio

[pushpaveniu]

Hi santosh,
u cannot make the payment until and unless there is no invoice exists in payables. Before invoice date only if u want to make the payment, then u create prepayment invoice on 10th nov and then pay in full to that supplier.
on 15th nov, if u receive an invoice from supplier, apply that invoice to prepayment.
for making payment to any supplier, invoice is mandatory.
let me know if any doubts u have??

Regards,
pushpa

[mpdhas@gmail.com]

Hi Santosh,

In Oracle Payable every payment can be made only against an Invoice even for prepayment also you have to Create a Prepayment Invoice. At the same time it can be possible as

Invoice date is 15th nov 2008
Payment date is 10th nov 2008

For example you can create an Invoice dated 15th nov 2008 and subsequently you can make payment by giving the payment date as 10th nov 2008.

Hope every one is clear now.

regards,
Dhas

[ratnalusantosh]

Hi,
Octavio, Pushpa and Das

Thanks for replaying the answer

Now it is clear

Thanking you
Santosh