If you require customer pays first before shipping the product then the same prepayment we can set. Let us consider a example where the company have the policy of taking 10% invoice amount of all offshore sales.
Make and post sales involving prepayment
1. Make a sales order of value 1000 and select the offshore customer. Make prepayment % as 10, refer to the image below.
2. Before posting the sales order system will prompt you to post the prepayment Invoice.
3. Post the prepayment, After posting prepayment is posted system will generate prepayment invoice.
4. Check the Posted sales invoice for prepayment after posting prepayment invoice.
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Make and post sales involving prepayment
1. Make a sales order of value 1000 and select the offshore customer. Make prepayment % as 10, refer to the image below.
3. Post the prepayment, After posting prepayment is posted system will generate prepayment invoice.
4. Check the Posted sales invoice for prepayment after posting prepayment invoice.
Ledger Entries for Prepayment
4. Now Post the Sales Order as Prepayment Entries are already posted. After posting Sales invoice, system will reverse the prepayment entries posted at the time of posting prepayment invoice. See below the Final sales invoice.
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