PO with payment terms as Advance only

[Former Member]

Dear Freinds,

Can we create a po which talks about payment terms as below.

1) <u><b>50% advance pymnt.</b></u>

2) Bal 50% after delivery of material.

<u><b>OR</b></u>

Can we create a po which talks about payment terms as below.

1) <u><b>100% advance pymnt.</b></u>

I am trying to create a Workflow for Vendor advance payment if below conditions are met

A) verification of payment terms,

B) <u><b>payment terms should be advance only </b></u>

C) po should be in released status,

D) po should be open, not closed (where po qty=grnqty)

Thnks

Vinod

[Former Member]

You could set up those as payment terms and block payments. Then you would use Down Payments F-47 to request the down payment. Then have this paid in your check run. You'll modify config to allow down payments in the check run. Then you run clearing to offset the down payments made aginst the final invoice.

pls assign points to say thansk.