Our customer would like to keep track of their Vendor Prepayments that are outstanding. They make the prepayments using the Purchases screen. When the payment is made it doesnt track to the Purchase Order any more. Their vendors require prepayments for almost every Purchase Order so doing it by vendor will not work. Has anyone had to do this?
Answer
Prepayment Register
Best answer by John Masi
Regarding Open Prepayments, see if a filter on the AP Aging (AP631000) report would get you what you are looking for:
To reconcile, See if the AP Balance by GL Account report (AP632000) will provide the information. Filter on the GL Account for your Prepayment Account. in this case 13200
What would be the best way to reconcile the Prepayment Account. This customer does 1,000’s of prepayments a month.
Regarding Open Prepayments, see if a filter on the AP Aging (AP631000) report would get you what you are looking for:
To reconcile, See if the AP Balance by GL Account report (AP632000) will provide the information. Filter on the GL Account for your Prepayment Account. in this case 13200
John Masi -Kensium Solutions
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