What are the types of Invoices , what is prepayment & steps
to apply it to an Invoice ?
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 |
Post New Answer View All Answers
What kind of budgets have you worked on?
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
explain your project plan with exam pal? i am preparing inter view .............
I am created credit memo in at but while trying to complete it showing error message-hz_party_location
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
What is gap analysis, what are the pre-requisities?
SLA usage ans how to define setups?
please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".
Invoice Approval Process?
How to do the analysis of discounts lost and fixing the root cause?
Substitute receipts and Unordered Receipts
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
what is the difference between bonus reserve and bonus expense
Difference between header level tax calculation and line level tax calculation
Explain Customization process?