Regarding Prepayment

[saad125]

Dear Friend
Can you please settle of my query regarding adjustment to prepayment?
If you can then the case is as under;

This is case related to Advance against Expenses in the name of employee.

Prepayment (issued) = 100,000/-

Adjustments:

Expenses and Others = 60,000/-
Expenses and Others (Taxable in the name of other supplier) = 40,000/-

We need to deduct tax for the expenses Rs. 40,000/- for which we have to make invoice in the name of related supplier. We need to adjust the invoice with prepayment or to apply prepayment to that employee with these invoices against expenses Rs. 40,000/-.
What is the solution and treatment for the same in ERP 12?

Thanks in advance for your anticipation to the matter.

Greetings and Peace!
Mohammad Saad Anwer Siddiqui

[AmanKhan]

Dear Saad,

First of all, if u have issued 100k to emp then enter invoice of 60K for emp and apply prepayment.
2. Enter refund for from employee for 40K.
3. Enter 40k invoice for other supplier and create payment as you have now actual expenses.

Regards,

[saad125]

Assalam o alaikum Aman,
Thanks for your prompt response.
Aman the problem is...I have to record the adjustment of that 40K in the name of the employee whom we issued 100K as prepayment.
If we follow what you mentioned, we will miss the header of the employee to the transaction.
Please guide accordingly at your earliest. Also I have One question about "Order to Cash" and "Cash Management" Module. let me know if its at your ease to reply accordingly to those too.
Thanks and Best Regards
Mohammad Saad Anwer Siddiqui

[quote]Dear Saad,

First of all, if u have issued 100k to emp then enter invoice of 60K for emp and apply prepayment.
2. Enter refund for from employee for 40K.
3. Enter 40k invoice for other supplier and create payment as you have now actual expenses.

Regards,

<i><div align="right">Originally posted by AmanKhan

[AmanKhan]

Dear Saad,

I don't know if you have followed solution and know what i have mentioned above but If you will follow above mentioned steps correctly then you'll not miss anything and all your requirements will be fulfilled.
perform scenario is test instance first.

Regards,

[srinivas.oebs]

Hi Saadi,

Please follow the previous reply.
As far as Ikow, that is the only workaround in order to meet your requirment (Prapyment adjustment).

Please follow the above steips in dev or Test.

GS