How are prepayments for invoices configured?
A.
Create the prepayment terms and associate it with the prepayment Invoice.
B.
Enable Allow Prepayments in Define General Payables Options.
C.
Enable the Profile Option for Prepayment in the Manage Payable profile options page.
D.
No additional configuration is required. Users must select the invoice type as prepayment when
the invoice is created.
E.
No additional configuration is required. Users must select the payment type as prepayment
when the payment is created.
Explanation:
In payables there are 11 types of Invoices:
That is
1. Standard Invoice
2. Debit memo
3. Credit memo
4. Expencess report
5. Mixed Invoice
6. Prepayment
7. PO defualt
8. With holding tax
9. Reccuring Invoice10.Interest Invoice
11.Quick match
prepayment : advance payment you make to a suppliers or
employee. If you enter Temporary for the Prepayment type
field, then you can later apply prepayment to an invoice.
Two types of prepayments are there, namely, temporary and
permanent. In case of earlier one. it is treated as advance
to the supplier and will be adjusted against any invoice
on or after the settlement date but in case of later one,
it is treated as deposit with the supplier.