Track prepayments to suppliers

Introduction

To track prepayments, you use a special account, the prepayment account, to record prepayments to suppliers.

  • If you want to set a default prepayment account to be used for each new supplier a user creates, in the Supplier classes (AP201000) window, specify the prepayment account and subaccount for each of the supplier classes that might be used when a user creates a new supplier.

  • You can change the prepayment account and subaccount for a particular supplier by using the Suppliers (AP303000) window. The system debits this account by default when a user enters a new prepayment to the supplier.

To view information about prepayments, you use the following windows: