Entering a prepayment
A prepayment is an advance payment made to a supplier. A prepayment can be Temporary (can be applied to invoices) or Permanent (cannot be applied to invoices). In this recipe, we will create a prepayment to Office Supplies, Inc for cleaning services.
Log in to Oracle E-Business Suite R12 with the username and password assigned to you by the system administrator. If you are working on the vision demonstration database, you can use OPERATIONS/WELCOME as the USERNAME/PASSWORD.
How to do it...
Let's list the steps required to enter a prepayment:
- Select the Payables responsibility.
- Navigate to Invoices | Entry | Invoices.
- In the invoice Type field, select Prepayment.
- Enter Office Supplies, Inc in the Trading Partner field. ...