Types of Prepayments? And difference between them?
Answer Posted / guest
there are two types of prepayments
Permanent
Temporary
If you make permanent prepayment u cant apply it to any
invoice
If you make Temporary prepayment to close the transaction u
have to apply it to an invoice
| Is This Answer Correct ? | 17 Yes | 4 No |
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I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
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