Create Invoice – A summary of the activity

A prepayment invoice is created for the advances to be received from a customer before the shipment of goods. Once the material is shipped the prepayment invoice is set off against the order-based invoice that has been created.

Prepayment invoices can be categorized as “Order Based Prepayment” invoice and “Direct Prepayment” invoice. An “Order Based Prepayment” invoice is based on one or multiple sale orders raised on the customer. The “Direct Prepayment” invoice is raised without a sale order reference. You can receive a single or multiple payments for a prepayment invoice. A payment schedule is also generated for the invoice.

This activity allows you to create prepayment invoice. This activity also allows you to authorize the newly created prepayment invoice. The system calculates the tax, charge and discount applicable for the items.

You can modify the tax, charge or discount details for the invoice and also view the summary and the posting information for the newly created prepayment invoice. You can modify the payment schedule generated by the system. If an electronic payment is to be received from the customer you can modify the payment schedule and the electronic payment information. If you want to include any additional comments regarding the prepayment invoice you can enter your notes. The system maintains a history of these notes. This activity also allows you to modify the details of the newly created prepayment invoice if it is in the “Draft” or “Fresh” status.

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