Creating a Deposit on a Purchase Order; Prepaying Inventory

This video demonstrates how to add a deposit to a purchase order (PO) in 10X ERP, specifically for situations where payment has been made in advance for inventory that has not yet been received.

• Ensure the Purchase Order Has No Open Receipts Before Adding a Deposit
• Navigate to the Payments Tab and Click the '+' Button to Create a Deposit
• Select the Payment Method (e.g., Check or Wire) and Enter Deposit Amount
• After Receipt of Inventory a Bill can be Created
• The Deposit will Automatically Apply to the Bill Amount
• You can verify the Deposit Applied to the Purchase Order in the Accounts Payable Section