Supplier Payment in Advance

Review the Payment Schedule function within the Procurement Module.  This is a fully functioned process to authorize a down payment, full payment or scheduled payments prior to actual receipt of goods.  It allows processing Supplier Invoices without a receipt match initially, but later after receipt and closure of the PO, it will allow update on a Final processed invoice that will show the three way match after the fact.

There is a good bit of information in the help to guide you at the start.

You have to create an additional (final) Manual Supplier Invoice that you match with the receipt - just as you say, but WITHOUT the advance invoice check box ticked.  

Here are our instructions for this portion of the process:

A final invoice should be received from the Supplier after shipment and receipt of the goods.  This final invoice must be processed to match the receipt.

1. Use the Purchase Order as with the previous advance invoices.
2. DO lookup the receipt reference since the goods have now been received.
3. Create the invoice as normal utilizing the Invoice number without any suffix as with the Advance Invoices.
4. Don’t check the Advance Invoice box prior to saving.
5. Enter the Gross Amount as the total invoice amount for all goods received – this should match the sum of all previous payments and any amount unpaid, if not, the discrepancy will need resolved with the supplier. 
6. Prior to saving the header, the Posting Information will show the total amount.

7. If there are any outstanding payments to match, the warning message as with the first payment will appear, if the purchase has been fully paid, this will not appear.
8. On previous invoices, there are no Cost Postings on the invoices as nothing has been received, however on the final invoice, the Cost Postings will appear once matched to the receipt.
9. The Posting Proposal will not require authorization because the previous invoices were already matched with the released payment schedule, so the only step required now is generating the Final Invoice Posting as normal.
10. Once finally posted, the Posting Information will balance to 0.00 and the Voucher information will appear, again something that won’t appear with the earlier advance payments.

Hello,

I’m trying to use this function as well however I’m stuck on trying to approve the payment schedule for purchase order step.  The PO is released and the payment schedule is released but I can’t approve it.   Documentation shows nothing about this so I don’t know if I’m missing set up data, or why it’s grayed out.  Any ideas?   Thank you

Have you started one of these from the beginning and still have problems?  We found that cleaning them up after the fact took a lot of work and manipulation.  The first payments will need the Advance Invoice tick box ticked, the final does not.  At the point of entering the final invoice, everything should already be matched through receipts or advance invoices.  If not, there is something missed along the way.