Hello,
I have a few questions about Vendor Prepayment Process.
How should I to do this: Apply the prepayment amount to the purchase order. I didn't see any function button called Apply Prepayment.
The PO status shows: Pending Prepayment. How can it be changed to released? After applying the prepayment?
Please see the process below:
1. Create a purchase order with a prepayment
2. Post a prepayment invoice for the prepayment amount.
3. Send the prepayment amount to the vendor. (Create and Post Payment Journal, and print a check)
4. Apply the prepayment amount to the purchase order. (How to do this?)
5. After the vendor ships the order, create a purchase invoice for the total amount of the purchase order minus the prepayment amount.
6. Send the payment to the vendor and post the payment to the purchase order.
Thanks!
