Distribution - JDE1 (MOSC)

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Advance Payment(as VAT) receiving from customer

edited Aug 8, 2018 5:03AM in Distribution - JDE1 (MOSC) 2 commentsAnswered

Hi,

We are receiving advance payment from customer for the orders which are not shipped yet. After order is shipped, then we are reducing VAT amount from order and receiving remaining payment from customer.

Example:  Order price: 100 VAT applied 5 %.

Hence, total = 100+ 5 = 105 USD

We already received 20 USD from customer as advance payment and we need to adjust these advance payment to orders which will be shipped after.

So, in this case 5 USD should be nullified from sales invoice (A/R)as we already received this amount in the form of advance payment.

Is there any way in JDE to achieve this.

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