Payables and Cash Management - EBS (MOSC)

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Prepayment amount as liability - clarification required

edited Jan 14, 2015 10:01AM in Payables and Cash Management - EBS (MOSC) 4 commentsAnswered

Hi all,

As per our observation; unpaid prepayment amount is appearing as liability in several reports (e.g. Invoice Aging, Invoice History, & AP Trial Balance etc.). While as per our understanding; this is not the liability but we just want to pay advance to supplier & the actual invoice from supplier (i.e. standard invoice in the system) shall be the real liability.

Please clarify the system behavior against the subject context.

Regards,

Abdul Rehman.

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