Create Vendor Prepayment (Deposit)
Vendor prepayments will be created and linked to purchase orders as needed. GL impact is DR Prepaid CR Cash. Once the actual bill is entered, the prepayment will be applied against the bill to lower the balance due.
1. Transactions > Payables > Enter Vendor Prepayment 2. Enter the Payee (1800-RADIATOR - 018) 3. Enter the related PO (if applicable) into the Memo field 4. Enter the Account 5. Enter the Payment Amount 6. Populate the Location (18) 7. Click Saved when finished