Key Features

• Ability to define special accounts for prepayments and "prepayments VAT".
• Users can receive advance payment on Sales Order before creating an invoice, with splitting the amount taking into consideration the VAT on this SO.
• Ability to send advance payment on Purchase Orders before creating a bill, with splitting the amount taking into consideration the VAT on this PO.
• Enable the user to register "advance payment" for vendor/customer to keep it in his special accounts.
• After finishing the service, reverse the advance payment, and register it as a 'normal payment'.

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Process

• To Setup the accounts : Go to partner form, and define the special accounts.

• Register advance payment on Sale Order :
  1- Go to Sales Order -> Advance payment-> fill in the amount the user wants to receive.

• 2- Select the payment tab.

• 3- Create invoice -> post it -> check the new JV (which moves the payment amount from prepayment accounts to Receivable accounts).

• Register advance payment on PO :
  1- Go to PO -> Advance payment-> fill in the amount you want to send.

• 2- Check the payment tab.

• 3- Create bill -> post it -> check the new JV (which moves the payment amount from prepayment accounts to payable account).

• Register Advance Payment for customers or Vendor with the ability to add taxes :
  1- GO to Payments -> create new -> check advance payment check box-> select the tax you want to use.

• 2-Confirm the payment -> check the JV -> the amount uses the prepayment account Note: this will not use the receivable/payable accounts.

• 3- Reverse the payment-> this will create normal payments -> it will create reversed journal to ignore the movements on the prepayment's account.

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