Advance Payment

[Former Member]

Hi All,

Please give detail about that how can be used Advance down payment in both type sale and purchase document?

thanks

[Former Member]

Purchase

Purchasing A/P > A/P DownPayment Request > A/P DownPayment Invoice > A/P Invoice

Sales:

Sales A/R > A/R DownPayment Request > A/R DownPayment Invoice > A/R Invoice

[Former Member]

Hi Neetu,

Two kinds of payments you mentioned will go to two different directions. Only incoming down payment should be in primary consideration because of the customer credit issue. For all outgoing down payments, it is always secondary issue because it is similar with purchasing in cash.

Thanks,

Gordon

[former_member583013]

Hello Neetu

In Both Sales and Purchase modules..you have a document called Down Payment Invoice...

On a Sales A/R side...You could create a DPI based of a Sales Order and the process an Incoming Payment for the same.

The Sales Order could then be copied to a Delivery and the Delivery to an Invoice and before you Add the Invoice..you will select the Down payment and apply it to that Invoice

Take a look at this thread