1. Localizations for Taiwan Implementation Guide
  2. Understanding How to Process Advance Payments from Customers

Understanding How to Process Advance Payments from Customers

At times, a customer might make a payment to you before receiving the goods or services that you provide. You must provide a GUI for the VAT amount for these advance payments.

To process advance payments:

  1. Use the standard software functionality to process an unapplied receipt.

    See "Entering Unapplied Receipts" in the JD Edwards EnterpriseOne Applications Accounts Receivable Implementation Guide.

  2. Create an invoice for the tax amount using a tax explanation code of VT so that you can generate a GUI for the tax amount.

    When you create the invoice, the system creates a line for the tax as well as the balance of the amount. You print the GUI for the tax amount.

  3. Use the Standard Receipt Entry program (P03B102) to match the unapplied receipt to the invoice.

    See "Understanding Unapplied Receipts Applied to Invoices" in the JD Edwards EnterpriseOne Applications Accounts Receivable Implementation Guide.

  4. When you create an invoice for the sale, you will also match that invoice to the unapplied receipt.

    You match the invoice to the remaining unapplied amount, which does not include the VAT. Because you have already issued a GUI for the tax amount, you do not issue another GUI.