Vendor prepayments
A vendor prepayment records money paid to a vendor before the related vendor bill is available. You can optionally link the prepayment to a purchase order and later apply the paid amount to an eligible vendor bill.
Open Menu and select Payables > Vendor prepayments. You can filter the list by Vendor, Vendor prepayment date, Status, Payment account, Payment amount, or Purchase order. The list also supports bulk Submit, Approve, and Reject actions.
A posted vendor prepayment credits the selected payment account and debits the selected prepayment account. Applying it to a bill reduces the unapplied amount and the amount due on that bill.