Prepayment in AR
Prepayment in AR
Hi All
I hope this message finds you well
I have advanced payment from client "Deposit" and I want to deduct this advanced payment from the clients invoices
Deposit 10000
Client Invoice 20000
I want to deduct 6000 from the client invoice and I will pay the rest "14000"
Commitment in AR deduct the total of advanced payment .
thx for yr co-operation
I hope this message finds you well
I have advanced payment from client "Deposit" and I want to deduct this advanced payment from the clients invoices
Deposit 10000
Client Invoice 20000
I want to deduct 6000 from the client invoice and I will pay the rest "14000"
Commitment in AR deduct the total of advanced payment .
thx for yr co-operation
Hi,
In case you have received the USD 10,000 against a particular customer as deposit, you can treat it as adhoc receipt from the customer. Then when you raise a customer invoice for USD 20,000, you can apply the adhoc receipt (partially or fully) against the invoice.
in case you want to refund the ad-hoc receipt, you need to close out the receipt with a credit note in favor of the customer.
Then in AP raise a standard invoice against the supplier (the customer now needs to be defined as a supplier) and pay the customer as refund of deposit.
hope this helps
In case you have received the USD 10,000 against a particular customer as deposit, you can treat it as adhoc receipt from the customer. Then when you raise a customer invoice for USD 20,000, you can apply the adhoc receipt (partially or fully) against the invoice.
in case you want to refund the ad-hoc receipt, you need to close out the receipt with a credit note in favor of the customer.
Then in AP raise a standard invoice against the supplier (the customer now needs to be defined as a supplier) and pay the customer as refund of deposit.
hope this helps
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- Posts: 20
- Joined: Sat Jul 28, 2007 10:21 am
- Location: India
Hi,
Prepayment functinality you can use in the Order managment.
Suppose your customer paid some amount of money while creating an order. in this situation you can do the advance payment.
Here system will create one receiptf or that amount ikn AR aitomatically then once invoice reached into AR, reciept will apply automatically.
Regards,
Rasinti
Prepayment functinality you can use in the Order managment.
Suppose your customer paid some amount of money while creating an order. in this situation you can do the advance payment.
Here system will create one receiptf or that amount ikn AR aitomatically then once invoice reached into AR, reciept will apply automatically.
Regards,
Rasinti
-
- Posts: 20
- Joined: Sat Jul 28, 2007 10:21 am
- Location: India
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