- AR prepayment is a payment made in advance or deposit amount received from the customer.
- When the AR Prepayment item is eventually consumed, the prepaid expenses account is credited.
- AR Prepayment can be used in sales order–>sales invoice–>cash receipt journal.
Step 1: Go to Finance >>AR >> AR Prepayment.
Step 2:Hit on (+) to create new document.
Step 3:select the customer code , then select the payment method and payment code from the dropdown.
Step 4: Select Acc Charge Code from drop down then give the line amount.
Step 5: select post from the drop down then click GO.
Step 6: click on post.
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