We all appreciate all of the effort that goes into the constant evolution of the platform. I can tell you that after 15 years of deploying Acumatica, I’ve seen countless wonderful improvements to the platform.
With that said, can someone on Distribution product side clarify why it’s necessary to enable VAT tax if a client wants to generate Prepayment Invoices? This seems like a no-brainer feature that a lot of manufacturers and distrubutors want; especially those in the ETO space.
This goes beyond credit term management, and Advance Revenue management is likely too heavy of a lift for accessing such a feature (probably ill suited as well).
There are other solutions less capable than Acumatica that supports this. I’m working with a client presently whose legacy platform that not only supports prepayment invoices, but also allows for order-specific payment schedules throughout the engineering or manufacturing cycle. This led to my opening a related idea post;
Project Accounting (Prof Service Edition) may be an answer, but not all clients want to go that way. Many clients book prepayments on long-cycle sales orders as liabilties, as opposed to using an “project accounting/construction percent complete” paradigm. Many may choose to recognize revenue only on shipment.