How to do partial payment for Prepayment in R12?

How to do partial payment for Prepayment in R12?

 

Prepayment is an Advance given to suppliers before using his/her services or before submitting his final Invoice. Once we received the supplier final invoice for the payment, first we apply/Adjust the Prepayment already given to supplier with this Invoice and then do the Payment to the supplier for the rest of the amount against the invoice sent. Here in the Post we will be more discuss about Partial Payment for the Prepayments.

 

We can create the Prepayments Invoices but the Prepayment invoices will not be consider in any report until unless it’s not paid. Even We cannot apply the Prepayment Invoices against standard Invoice until unless it’s not paid. So to Apply the Prepayment against the Final Invoices , then We need to Fully pay the Prepayment Invoice.

 

Partial Payment for Prepayment in R12.

We can make Partial Payment of Prepayment in Oracle Payables r12. But this prepayment invoice will be of no use until unless it will not be completely pay. We cannot apply the Partial Paid Prepayment again any standard Invoice Not Even the Partial Amount too. So there is no use of Partial Payment for Prepayments. Even we need to create the prepayment only for the amount which we want to pay otherwise it will create issues.

 

you can pay partially a Prepayment Invoice, make a payment of type 'Manual'. The status of the invoice will show unpaid and will not be available for application until its fully paid.