Overview

This guide covers how to enter and manage PO PrepaymentsThere are 3 methods of prepaying a Purchase Order from AP:

• Partial Prepay – where some money is given up front to allow processing of the PO.

• Milestone Prepay – where more than one prepayment is made on a PO (e.g., 1/3 up front, 1/3 prior to shipment and balance on receipt).

• Full Prepay – where the PO is prepaid in full.

All three methods have the same process to prepay with only the amounts differing. If you need to reverse any method of prepay partially or completely, follow the reverse prepaid instructions below.

Entering Prepaid PO Vouchers

...