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Evo-ERP and DBA Classic >> Manufacturing >> Vendor Pre-Payments
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Message started by Dennis on 07/03/07 at 06:20:21

Title: Vendor Pre-Payments
Post by Dennis on 07/03/07 at 06:20:21

I know I have seen this somewhere, but I can't seem to find. There is a procedure to make a prepayment to a vendor and record on purchase order (similiar to credit card payment on vendor purchase order). Does anyone know where I can find?

Thanks,

Dennis :)

Title: Re: Vendor Pre-Payments
Post by lmk223a on 07/03/07 at 07:29:58

::)Found this in Accounting section under Vendor payment before PO is issued:

Quote:

And for future searches - ADVANCE PAYMENT or PREPAYMENT or DEPOSIT on PURCHASE ORDER.

1. Create a type N part number called prepayment.
2. Add 2 lines to the purchase order, one for a positive quantity and one for a negative quantity of prepayment for the amount of the deposit so the net total of the PO is unchanged.
3. Receive the positive line, process through AP and cut a check using a dummy vendor invoice number.
4. When the actual parts are received, receive the parts and the negative deposit line so the correct net balance due passes to AP for payment

Title: Re: Vendor Pre-Payments
Post by Dennis on 07/03/07 at 13:55:00

Bingo, that is what I was looking for. Thanks very much! ;)

Dennis