What are the types of Invoices , what is prepayment & steps
to apply it to an Invoice ?
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Answer Posted / cheriyala roopa
There are several predefined types of invoices available in
payables such as : Standard inv, CreditMemo/DebitMemo inv,
Expense Report, Po default, QuickMatch,Mixed inv,
Prepayment inv,Interest inv, Withholding tax inv.
Prepayment: As the name itself suggest these invoice
document are used for making advance payment made to the
suppliers. The advance payment can latter be used to set
off the liability accruing on several trade invoices
created.
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