Posting Vendor and Customer Prepayments
In the Russian version, prepayments work in a different way compared to the standard version of [!INCLUDE[prod_short](../../includes/prod_short.md)]. When we receive a prepayment, it is necessary by accounting rules to post the prepayment on a separate account. Therefore, the vendor and customer posting groups have the Prepayment Account field.
[!INCLUDE[prod_short](../../includes/prod_short.md)] uses this accounts for prepayment entries- Payment with Prepayment check mark.
To post a prepayment
- On the General Journal page, select the Document Type - Payment and Prepayment check box.
- Specify the account type and account number, the balance account type, and the balance account number.
- Post the general journal.
To apply prepayments
- Go to the Vendor Ledger Entries or Customer Ledger Entries page.
- Select a line with a posted prepayment, and then choose the Apply action.
- Select the line with the invoice to which you want to apply the prepayment, and then choose the Set applies-to ID action.
- Choose the Post Application action.