Posting multiple prepayments in a purchase order???

(0) Share

Report

Posted on by ArnoldS

604

I have been using NAV since its version 5. I am not aware that you can post multiple prepayments on the same purchase line. What I am describing is a scenario wherein you have progress payments on the PO to vendor like 50% advance, 40% on delivery and 10% on installation. From what I understood from NAV prepayment functionality is that it allows you to post a prepayment on an overall order or modify the prepayment % on the line BUT NOT to post multiple prepayments on the SAME purchase line (i.e. increasing the prepayment amount). If I need to increase the prepayment amount, I should then post a prepayment CR/Adj note and re-post a new prepayment invoice amount to date. In effect, the vendor ledger entries will only take the movement between the first prepayment and the new required prepayment.

Can someone reassure me that my thought is right? I could be wrong but I just need to know if there is an undocumented feature of prepayment functionality.

*This post is locked for comments

All responses (1)

Answers (0)

X. GARONNAT on at

Like (0)

Report

RE: Posting multiple prepayments in a purchase order???

I don't know but what's you describe is more a feature of the Project module (which was rewrittent in 5.0).