Prepayment % Field, Payment Lines Table
Specifies the percentage of the prepayment amount that is issued as a prepayment installment. The sum of the prepayment percentages must add up to 100.
Prepayments installments are multiple payments that are invoiced and posted to a sales or purchase order before final invoicing. For example, if you split a $1,000 prepayment into two equal installment payments, the Prepayment % will be 50.
Additional Information
Payment terms specify the period that is allowed for a buyer to pay off the amount due from a purchase. When you post a purchase or sales invoice, the due date, discount date, and amount due is calculated based on the payment terms that have been assigned to the customer or vendor.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Payment Lines Table | Italy Local Functionality |
| Payment Lines Table | Italy Local Functionality |
See Also
Reference
Other Resources
Invoice Prepayments
How to: Set Up Payment Methods
How to: Assign Payment Methods to Vendors
Payment Terms