For the payment control, system will have control for the payment terms which has checked the box for prepayment needed.
Prepayment payment should have been processed in order to release the Sales Order.
E.g. For Bio-Gene, Payment Terms "PREPAID" has control on Prepayment.
Follow below steps to verify the payment control procedures:
| # | Description |
|---|---|
1, Create Sales Quote and make order to convert to a Sales Order *For the Sales Order made from Sales Quote, Quote No. will have the value in Sales Order field. |
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2, For the Sales Order, if the payment term requires prepayment, the field "Payment Control" will be checked automatically. Fill the prepayment % for this Sales Order. Users cannot direcly release the Sales Order if there is prepayment invoice needs to be created. System will warn with message. |
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3, Post Prepayment Invoice Click "Yes". Prepayment Invoice % will be according to the field in Sales Order. |
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4, After Posting the Prepayment Invoice, users can find the Prepayment Invoices created for this Sales Order. *Users may adjust the prepayment % and post again therefore there may be more than 1 Prepayment Invoice for 1 Sales Order. Order Status = Pending Prepayment |
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5, Settle the Prepayment Invoice: Users can settle the prepayment invoice by using Cash Receipt Journal Choose the Applies-to Doc. No. = PSIN2400003 Settled with Bank Account. |
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| 6, Release the Sales Order, and unchecked the Payment Control box after the settlement of Prepayment Invoice has been done. |
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