Processing Vendor Down Payments
Down Payments Made Following Down Payment Request
In this process, you create a purchase order in Materials Management; this order is then delivered on receipt of a down payment. After you have posted the goods receipt, enter the invoice in invoice verification in Materials Management. Clearing between goods delivered and goods invoiced is carried out automatically.
Since you have already made a down payment, you then have to clear the down payment with the invoice amount. Then you make the final payment.
To simplify matters, assume that the down payment request is entered today, just a short time after the purchase order. The down payment occurs on the same day. The invoice is entered with a date ten days from today’s date, and is paid immediately.
For more information about this process, see
.Process Flow
You can find the data for this process under