What are the types of Invoices , what is prepayment & steps
to apply it to an Invoice ?
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Answer Posted / mstapps
in payables 11 types of Invoices are there
that is
1. Standard Invoice
2. Debit memo
3. Credit memo
4. Expencess report
5. Mixed Invoice
6. Prepayment
7. PO defualt
8. With holding tax
9. Reccuring Invoice
10.Interest Invoice
11.Quick match
prepayment : advance payment you make to a suppliers or
employee. If you enter Temporary for the Prepayment type
field, then you can later apply prepayment to an invoice
two types of prepayments are there, namely, temporary and
permanent. In case of earlier one. it is treated as advance
to the supplier and will be adjusted againest any invoice
on or after the settlement date but in case of later one,
it is treated as deposit with the supplier.
i think this usefull
thanx
mst
| Is This Answer Correct ? | 17 Yes | 1 No |
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