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Old 06-17-2005, 11:18 AM
mikebode mikebode is offline
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Join Date: Jul 2002
Posts: 34

Hi guys,

I have a question how to enter a prepayment.

A customer asked us to keep a special stock of products for them for later drop shipment to customers. They agreed to pay half of the total price up front, and the other half upon shiment of the product to a customer. For illustration: Let's say the customer asked us to keep 100 pieces in stock, each with a sales price of $100. They would pay us $5,000 up front, and then $50 for each drop shipment to a customer. We received the products from our supplier and need to send an invoice to our customer now. I am not sure how to record this transaction without messing up our inventory.

I cannot send an invoice for 50 pieces, as that would only leave us with 50 in stock, while we have 100. I cannot send an invoice for 100 at half price either, that would leave a stock of 0. If I send an invoice unrelated to stock, it will mess up the cost of goods at the end (as we would sell below cost).

How do I record this?

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