The eighty seventh feature they’ve announced is Manual Prepayments.
This feature allows the management of the prepayment amount from Purchase Order creation through the creditor invoice by using the Manual Payment process in Payables Management while allowing the purchaser to control the prepayment amount.
The user has the ability to pay the prepayment at the time of creating the Purchase Order by using a check or credit card. GP tracks prepayment amounts separately from the vendors account balance which means creditor aging is not affected by prepayment transactions;
Purchase Order documents have been updated to show prepayment amount;
This new feature is targeted at the following roles:
- Purchasing Agent
- Purchasing Manager
- Accounting Manager
- Accounts Payable Coordinator
Learning script available for download.