A/R & Prepay Problem

[Kristen]

I'm hoping someone can help. We generally collect a 50% deposit on orders that can be rec'd as far as 6 months in advance of delivery.

We would like to log the prepayments before the invoice is created. Then, once the invoice is created, we would like to have the original invoice amount and the prepayment (deposit) show up on the Aged Receivables report. Is there any way to do this?

Also, does anyone know what happens in Peachtree when a prepayment is registered? Does it create a Sales Order automatically?

Thank you to anyone who can help,

Kristen

VP, Engineering & Technology
Doyle Sailmakers, Inc.
Marblehead, MA

[Jim Dale]

you should be booking the prepayment to a customer deposit account. then it will show on the customer account and is available to be applied to the invoice once you have created it.

[Jim Dale]

There is no auto-link between prepayments and invoices or sales orders. It shows as a payment on the customers account, period.