Enter Prepayment Type

Explanation

This activity is used to enter, change and view prepayment types used by your company via the Prepayment Types page. Prepayment types are used to post prepayments to different accounts based on the nature of the prepayment. There are prepayments made for the ordinary cause of business and there are prepayments made for investments.

The first entered prepayment type will be set to default prepayment type and the default prepayment type cannot be deleted. To change default prepayment type, use the command Set Default.

Prerequisites

To be able to use the functionality for prepayment types, the Prepayments based on Prepayment Type option must be enabled on company level.

System Effects

• A prepayment type is created or modified.
• The prepayment type can be entered when creating advance invoices in Instant Invoice, Customer Invoice and Manual Supplier Invoice. The prepayment type can also be entered when pay advance invoices, create new payment in advance or create new payment on account in Mixed Payment.
• In all other payment flows the prepayment type entered on the advance invoice is considered when the postings are created. If the advance invoice not have a prepayment type entered, the default prepayment type will be used.

Pages

Prepayment Types

Activity Diagrams

BDR General Customer Invoice Information
BDR General Customer Payment Information
BDR General Mixed Payment Information
BDR General Payment Information
BDR General Payment Information Cash Box
BDR General Supplier Invoice Information
BDR General Supplier Payment Information