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NSC | Recording Vendor Prepayment
Vendor Prepayments can be used for Vendors who require a deposit that is being applied to a Purchase Order prior to a Vendor Bill instead of a Cheque Deposit.
It is also a possible alternate solution to the standard behavior in which we cannot apply a deposit to a Purchase Order and we cannot create a Vendor Payment without a Bill associated with it.
To work with vendor prepayments, you must enable the feature first and configure a default vendor prepayment account. This can be a new or existing account that is an Other Current Asset type.
To enable the
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