Wikiadmin: Created page with "Payments can be made against different type of documents: * Purchase Orders, in effect this is a ''prepayment''.
Later on, wh..."

2021-11-17T13:55:32Z

Created page with "Payments can be made against different type of documents: * Purchase Orders, in effect this is a ''prepayment''. Later on, wh..."

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Payments can be made against different type of documents:
* [[Purchase_Order#Purchase_order_prepayment | Purchase Orders]], in effect this is a ''prepayment''. Later on, when an invoice is created from the order that already has a payment received against it the invoice automatically inherits the payment received against the order.
* [[Purchase_Invoice | Purchase Invoices]], in effect this is a payment of a vendor invoice. Payments prior to the accounting date of the invoice are also considered a ''prepayment''.
:There is a [[How_to_Manage_Prepaid_Invoices_in_Payables|How To]] article which describes how to manage prepaid invoices (''prepayments'') in payables.
* and [[G/L_Item | G/L Items]], in effect this is a payment of any other expense to a vendor, for instance a fine or other types of fee do not included in an invoice. This type of payments can be created in this window by adding the correspondng G/L Item as well as the "Paid Out" amount, or can be automatically populated as a GL item if created as a GL Item payment in a [[G/L_Journal|G/L Journal]]. No matter the way they are created, both cases are managed same way depending on the [[Payment_Method|Payment Method]] used.

Payments can be created '''to pay to''' a '''single vendor''' or '''to pay to''' several '''vendors''' at the same time.

At the end of the process a "'''Payment Out'''" transaction will imply the creation of a "'''Withdrawal'''" transaction in the corresponding [[Financial_Account|Financial Account]]. The creation of the withdrawal transaction in the financial account can be done:
* manually by using the [[Financial_Account#3._Adding_financial_account_transactions| Add Transaction]] process of the financial account.
* or automatically if the [[Payment_Method#Payment_Method_configuration|payment method]] used is configured to do so, that implies the selection of the check-box "Automatic Withdrawal".

Template:ManualDoc:W6F8F913FA60F4CBD93DC1D3AA696E76E - Revision history

Wikiadmin: Created page with "Payments can be made against different type of documents: * Purchase Orders, in effect this is a ''prepayment''.Later on, wh..."

Wikiadmin: Created page with "Payments can be made against different type of documents: * Purchase Orders, in effect this is a ''prepayment''.
Later on, wh..."