Vendor Down Payment Processing
Down payments made following down payment request
In this process you create a purchase order in Materials Management, that is then filled upon receipt of a down payment. Once goods receipt is posted, you create the invoice in Materials Management invoice verification. Clearing with respect to goods received and goods invoiced is performed automatically.
Because you have already made a down payment, the down payment must be cleared in terms of the invoice amount. Then you make the final payment.
To simplify matters, the down payment request is set for today’s date, 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.
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Selectto see the data you use during this demo. Then select the first process below: