Navision Experts, hello. We are using Nav 4.0 SP3.
I am looking for recommendations on processing progressive payments within Navision. We hire many subcontractors for any given project. We set these subcontractors up as vendors and create purchase orders. We will have a contract for say $100k, and we are expected to pay various portions of this at different times as the project progresses. We handle this now by setingt up a PO against a GL account and we reverse the quantity and dollar amount. Using the 100k example, the PO line would be a quantity of 100,000 at unit cost of $1.00. Then if we are invoiced for $5k, we receive 5000 units at $1.00.
Functionaly this works okay, but it causes reporting issues down the line. I am curious if anybody knows of another way to manage this in Navision, or if perhaps if Nav 2009 addresses it.