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VENDOR PREPAYMENTS EXTENDED
VENDOR PREPAYMENTS
- This feature was introduced in 2019.2 to present an easy and consistent way to record and pay vendor deposits.
- It only supported STAND-ALONE vendor prepayments.
VENDOR PREPAYMENTS in the new 2020.1 Release
- Vendor Prepayments will allow creation of vendor prepayment from a Purchase Order and will have a new preference regarding auto-apply engine.
This feature will allow:
a. Linking a Vendor Prepayment to a Purchase Order
b. Automatically apply a Vendor Prepayment to the bill related to the Purchase Order.
BENEFITS OF THIS FEATURE:
- Visibility between Vendor Prepayments and Purchase Orders
- Reduction in number of steps and workflow complexity
Kindly mark "Yes" if you find the reply to your question as helpful. This will aid the community to find the solution/answer much easier. Let's always mark a reply and help the community! ☺️
Shamaine Chan-Oracle | Ask a Guru
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