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Hi!
we have many invoices from vendors that are prepaid, when i have posed prepayment for 100% of the amount and then post and recieve the goods the order is still in the list of purchase orders. Do I need to poste the invoive even if i have posted 100%pre payment invoice to get it away from the list? On the lines on column "Qty. to Invoice" there are still the amount. What am I doing wrong?
Thank you!
BR
Lauren
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Hi,
Yes, You to need to post the pre-payment invoice first from order.
the prepayment amount will automatically be deducted from the amount due.
Hello again!
As far as I know you do have that possibility, you can check the following link for the exact information (make sure you go to the "Preview prepayment posting" section of the link):
Hello Lauren!
Yes, your correct on your assumption. A prepayment by definition is a payment made before the delivery of goods and/or services, and will require to end the process by posting the final invoice. Wether that invoice has a remaining amount or not is not a consideration in the current state of the system.
Plus, when you post a prepayment, that money goes directly to a prepayment GL account that is not the standard expense account in regards to the balance. The items in the document do not have a real cost associated to them in the prepayment status, and so the profit you get from selling them is not a real number.
So even if you have made a prepayment of the 100%, you still need to post the final invoice to take care of those things, and with that the order will reach its end :-)
Cheers!
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