Recording of a pre-payment to your Supplier can be completed using AP Advances in System Five. This allows you to generate a check to your vendor without having a bill or invoice. Using a clearing account, the system creates a bill with a check that you can process and print. Once the bill arrives from your Supplier, you will be able to use the advance (present as a credit on the supplier account) to pay down the bill.
How to record pre-payments or Advance payments to Suppliers or Vendors Print
Modified on: Mon, 29 Aug, 2022 at 3:04 PM
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