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Excluding downpayments during the CJ88 settlement process

Oct 12, 2017 at 03:01 AM

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Former Member

We are having issues during settlement run when down payment gets picked up .Unless this is reversed out the transactions cannot be settled on the AUC asset.

What is the right accounting process in dealing with down payments ? Should this be picked during settlement and cleared or should this downpayment be excluded so eventually when final invoice comes through the Downpayment gets knocked off? Please advise

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