ERPstuff - Oracle EBS Community

Hi Friends,

How to identify that a client is using prepayment or not?

Could anybody please tell me that we received a prepayment of $100,000/- from a customer for the future transactions.
So, how to enter the same in our books?

This is little urgent, please help.

Thanks,
dvsprao108@gmail.com

Hello.

You can create a specific payment method to register those sort of payments. This way, you can always query them and see in what siatuation they are (applied, unapplied, etc.)

Octavio

Hi,

I think you can go for Deposit transaction in Receivables!


Thanks,
BMR

You can create them as OnAccount Recepits or Deposit from the Customers.

You can't make a prepayment to customer from AP module . In case you receive an advance from customer, create a deposit in AR module and later adjust the same when you do sale invoice.

Prepayment invoice is to create only for employee / vendor advance.

Regards
Subramaniam[/font=Tahoma]