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Setting up prepayments
Check that the following setup is completed before invoicing sales prepayment.
| # | Set up | Steps |
|---|---|---|
| 1 | Number Series (REQUIRED) | (1) Enter "No. Series" in the search icon, and then choose the related link (2) To set up the No. Series for "Sales Prepayment Invoice" and "Sales Prepayment Credit Memo" (NOTE: this step only request if separate no, series for Posted Invoice and Posted Prepayment Invoice / Posted Credit Memo and Posted Prepayment Credit Memo) (3) Enter "Sales & Receivables Setup" in the search icon, and then choose the related link\ (4) Assign the "Number Series" Posted Prepmt. Inv. Nos." and Posted Prepmt. Cr. Memo Nos. on "Number Series" tab (NOTE: if use same number series for Posted Sales Invoice and posted prepayment invoice, then verify that the number series for posted prepayment invoices in the Posted Prepmt. Inv. Nos. field is the same as for posted sales invoices (Posted Invoice Nos.), and the number series for posted prepayment credit memos (Posted Prepmt. Cr. Memo Nos.) is the same as for posted credit memos (Posted Credit Memo Nos.). |
| 2 | General Posting Setup (REQUIRED) | (1) Enter General Posting Setup, and then choose the related link. |
| 3 | Shipment Control (OPTIONAL) | If the shipment is not allowed for unpaid prepayment, follow the configuration below for the shipment control (1) Enter "Sales & Receivables Setup" in the search icon, and then choose the related link (2) Select "Check Prepayment when Posting" check box on Genera Tab. (NOTE: when the check box is checked, you can't ship or invoice an order that has an unpaid prepayment amount) |
| 4 | Assign default prepayment percentages to Customer (OPTIONAL) | (1) Open the card for the customer (2) On the Payments FastTab, in the Prepayment % field, and then enter the default prepayment % for the customer or item |
Create Sales Order with prepayments
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