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Former Member
Apr 17, 2008 at 09:40 AM

Down Payments Query


Client has done a down payment

Issued a purchase Order to a supplier

supplier has invoiced in advanced in delivering the goods

Supplier has invoiced 2 invoices for one purchase order

Client has made 1st payment using AP down payment invoice.

They have taken part delivery of goods.

Client want to enter into stock.

Purchase Order is still open

Can client do goods receipt based on purchase order ?

How does the down payment fit into the accounting equation. ?

Edited by: Darpal Thiarha on Apr 18, 2008 12:09 PM