Partial Receipts for Progress Payments

Yahoo Archive
1
We have the same situation, we purchase components where we have terms such
as 50% down, 50% Net 30 or 1/3 Down, 1/3 upon shipment, 1/3 net 30. We are
on 4.0 and we have to use a workaround.

However, I was told on 5.0 the A/P 'Advanced billing line' now worked
properly (In 4.0 it worked, but it did not offset the final receipt invoice
properly'.

Read the instructions in Vantage help on how to use AP advance billings.
Basically, all you have to do is put in any invoices before the final
invoice as Advance Billings and then match the final billing the same way
you would any other receipt invoice.
2
How do people handle "Partial Receipts for Progress Payments"?

We purchase large subsystem components from vendors, and they require
progress payments before we actually receive the final product. How are
people handling this? We should just put one item in the Job and handle the
PO (possibly) and receipt special, right? Please advise. Thank you.

5.00 310

Amy T. MacKay
Parkinson Technologies
amackay@...
(p) 401-762-2100 x 324
(f) 401-762-2295
3
I thought Advance Billing Payments in 5.0 took care of this.


Gail M. Grillo
Manager, Corporate Administration
Allegheny Bradford Corporation
(814) 362-2593 x228

>>> "Amy Mackay" <amackay@...> 03/05/01 09:28AM >>>
How do people handle "Partial Receipts for Progress Payments"?

We purchase large subsystem components from vendors, and they require
progress payments before we actually receive the final product. How are
people handling this? We should just put one item in the Job and handle the
PO (possibly) and receipt special, right? Please advise. Thank you.

5.00 310

Amy T. MacKay
Parkinson Technologies
amackay@...
(p) 401-762-2100 x 324
(f) 401-762-2295






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