Making a Pre-Payment on a Purchase Order in 10X ERP

Prepaying for a purchase order ensures vendors receive payment before goods are delivered. This process involves creating a purchase order, making a payment, receiving the goods, and finalizing the bill.

Steps to Make a Prepayment:

1. CREATE a Purchase Order and Publish it.
2. NAVIGATE to the Payments section within the PO.
3. ADD a Payment for the required amount (e.g., full or partial).
4. SELECT the Payment Method (e.g., wire transfer) and Bank Account.
5. ENTER any Reference or Memo if needed.
6. CONFIRM the payment to record it as a Deposit for the vendor.

Steps to Complete the Purchase Order:

1. GO TO the PO Main Page and Receive the Goods.
2. PUBLISH the Receiving to confirm the inventory.
3. CREATE a Bill for the purchase order amount.
4. PUBLISH the Bill to finalize payment processing.

Key Considerations:

• The PO, Receiving, Bill, and Payment should all be Closed upon completion.
• The Vendor AP will reflect the payment under Payments, ensuring no open balance remains.