Prepayment Deposit

[yipster]

I tried depositing a prepayment on an order and MAS 90 would not allow me.

I tried it in AR Cash receipt entry. It always say distribution out of balance. I have a sales order created but the invoice isn't created yet.

Is there anyway to do it so a credit is apply to his account.

 

[Toad75]

We have a separate GL account set up for prepayments. It is entered as a prepayment during the sale (in SO) and then we "post" against the prepayment account in cash receipts.

For example, if I were doing an SO for $100 prepayment, I would enter the amount in the Totals tab. My cash receipts would reflect $100 deposit, and then I would post against our GL account instead of selecting an invoice.

Hope that makes sense!