Overview of Prepayment Adjustment on Bill

Simplify your invoicing process by automatically applying prepayments to purchase order invoices. This guide outlines the seamless steps involved when a purchase order has a prepayment attached, ensuring accurate payment allocation and reducing manual intervention.

If the PO has a prepayment attached, it will be automatically associated with the invoice for the purchase order

  1. Associate the bill with the purchase receipt
  2. Review the Applications tab to see the prepayment associated with this purchase order is selected to be applied to the bill.
  3. Type in the amount of the prepayment to apply to the bill it not applying the entire amount

    Note that the balance of the prepayment is calculated when the Amount Paid is different
  4. Release the bill, note that the balance due on the bill is less the amount paid by the prepayment.