on 08-05-2015 7:16 AM
Dear All,
We are paying vendor advances against PO
Is there any standard release procedure available for controlling down payment or advance?
Our Client expects Release procedure similar to PO
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Can you explain briefly how this wanted process should look like and what exactly should be controlled and get approved
The wanted process is
My PO value is 100 INR and down payment made is 50 INR which is 50% the same will be available in the payment processing TAB of the purchase order
We want Two level approval process
1.Approval process in which the advance payment should be approved first by relevant approvers.
2.After approval of advance payment the PO should be approved second by relevant approvers.
It would help if any of you suggest an suitable process or best practice that is followed already for this requirement
Thanks in advance for your inputs.
so you are going to pay before the PO is approved?
No payment will happen after PO approval only
But we need two level of approval
one for down payment and other for PO approval.
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