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Vendor Advance Payment Process Needed

edited Dec 23, 2019 11:03PM in Accounting / ERP 7 comments

A/P.
For special orders our Vendor requires advance payment.  We issue a check and expense to account "advances paid".

A month or two later the product ships and we receive the goods and enter the vendor bill.

But we have no way to apply the advance payment to the vendor bill.

Shouldn't there be something similiar to the "Record Customer Deposits/Deposit Application" for the Purchasing side of business operations?

We need a A/P "Record Vendor Advance/Advance Payment Application" feature.

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