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What is payment of Draft, Final and Final Post?
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Answer Posted / sudhakar
Payment Draft means. In case we have supplier he supplier materials at 01-Jan-2016 as per his payment terms 30 days. So now i use to make a payment to that supplier as of 30th-Jan-2016 right. Instead of that if i made a payment to that supplier as of 15th-Jan-2016. Now i use to record that payment entry in my Accounts payable right. For that i will run Create Accounting programme for that Entry. There i will get this above options like Draft,Final,Final Post
If i consider Draft while running that programme. Accounting entry will generate but it will be in Draft Mode
When date came 30th Jan 2016 that time it self i use to show that accounting entry means again i will run that programme with Final Mode
Final Post means. I will run that programme by considering final post. Then that Accounting entry i can view in my payables module as well as it is getting posted in GL module by considering final post. Instead of transfering to GL at parameters level it self i am considering Final Post after completing on that programme with normal status. Then i can view JV for that payment in GL Module as well.
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