Prepayment

Jaideep_Ghosh

Hi All,

What is the functionality of Prepayment field (Boolean) in Cash Receipt Journal ?

Consider a scenario-- A sales order (Rs.100000/-) is made to a customer. Our client recived an advance of Rs.40000/-. To map this I put a % in Prepayment % field in Customer card and create a sales order. Then I create a Cash Receipt Journal to post the advance recieved from the customer.

Shall I put a check mark on Prepayment (boolean) field in Cash Receipt Journal?

Please suggest.

DRB

Hi,
You should also post the Prepayment invoice before posting the sales order and then in Cash receipt journal you can apply that amount to Prepayment Invoice.

krvenkata

Post the prepayment Invoice? Can you elaborate more on this....Do i create the Prepayment invoice thru sales journal?

DRB

krvenkata wrote:

Can you elaborate more on this....Do i create the Prepayment invoice thru sales journal?

In the Sales/ Purchase Order, on the Posting menu you will get "Prepayment" button at the bottom. Use
a. Post Pre-payment Invoice
or Post and Print pre-pmt. Invoice