Posting Vendor and Customer Prepayments

In the Russian version, prepayments work in a different way compared to the standard version of Business Central. 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.

Business Central uses this accounts for prepayment entries- Payment with Prepayment check mark.

To post a prepayment

1. On the General Journal page, select the Document Type - Payment and Prepayment check box.
2. Specify the account type and account number, the balance account type, and the balance account number.
3. Post the general journal.

To apply prepayments

1. Go to the Vendor Ledger Entries or Customer Ledger Entries page.
2. Select a line with a posted prepayment, and then choose the Apply action.
3. Select the line with the invoice to which you want to apply the prepayment, and then choose the Set applies-to ID action.
4. Choose the Post Application action.

See Also

Russia Local Functionality

Note

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