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

  1. Entering Purchase Orders
  2. Entering Down Payment Requests
  3. Displaying Vendor Accounts
  4. Posting Down Payments
  5. Displaying Purchase Orders
  6. Displaying Vendor Accounts
  7. Processing the Goods Receipt for the Purchase Order
  8. Posting Incoming Invoices in Materials Management
  9. Clearing/Reversing Down Payments
  10. Displaying Vendor Accounts
  11. Displaying Purchase Orders
  12. Posting Final Payments
  13. Displaying Vendor Accounts