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Finance | Project Operations, Human Resources, ...
Suggested answer

PO Pre-Payment Partially

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Posted on by 387

Can we make partially pre-payment also for purchas order?

Thanks

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  • RE: PO Pre-Payment Partially

    You can key the prepayment for any amount, and whatever you key will dump over to Payables.  Test this in a test company and key a partial prepayment.  Then review the invoice in Payables to see that you can still pay out the remainder.  It would be good for you to test it and see for yourself. 

    Thanks
    Cheryl W
    Microsoft support 

  • Jozy Profile Picture
    Jozy 387 on at
    RE: PO Pre-Payment Partially

    Joe,

    We have already setup prepayment on purchase order my question is that can me make half of prepayment chaque as well and issue to the vendor. 

    Your given two articles only describes the setup of prepayment.

  • Richard Wheeler Profile Picture
    Richard Wheeler 75,788 Moderator on at
    RE: PO Pre-Payment Partially

    Joe, that is really cool. How long has that been there? In 25 years of using GP I never noticed this.

  • Suggested answer
    Joseph Markovich Profile Picture
    Joseph Markovich 3,914 on at
    RE: PO Pre-Payment Partially

    Jozy-

    You can and it can really be for any amount. There's a bit of setup you have to do first. These two articles explain it pretty well:

    www.iconsa.net/.../156af0c8db78e0367b6a74b3b4a056c0-30.html

    www.wipfli.com/.../purchase-order-prepayment-dynamics-gp-4-steps-you-need-to-know

    I hope this helps.

    Joe

  • Richard Wheeler Profile Picture
    Richard Wheeler 75,788 Moderator on at
    RE: PO Pre-Payment Partially

    You cannot put a deposit(prepayment) on a purchase order.

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