Below description about prepayment is from D365 Finance Learn Document.
Multiple prepayments definitions on a purchase order aren't allowed. If you need to allow multiple prepayments on a purchase order, post the payments using the payment journal instead of a prepayment invoice.
But in our business process, doing multiple prepayments for 1 PO is a must. Anyone has a better solution for this kind of situation? Thanks all!
Comments
We need this as well. It is very common for large dollar purchases to have multiple milestone payments. Typically, our vendors do a structure similar to this:Down payment - 30%2nd Milestone - 30%3rd Milestone - 30%Final payment on delivery - 10%What we currently do is receive the 30% (this is false, we don't have anything physical on hand) so we can process the invoice. Then for the 2nd milestone, we will increase the received % to cover the next invoice, etc.It is NOT feasible to do a prepayment of 100% then expect our accounting manager to know when the next invoice is due as she does not process invoices.
Category: Accounts Payable