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Prepayment Solution for the Client

 


Requirement

·         Process to handle Prepayment in Fusion ​

·         Invoice to be created and shared with Customer for getting Prepayment​

·         In Italy, it is a must to have invoice before releasing payments​

·         Prepayment invoice should have applicable taxes​

·         Revenue should not be created for Prepayment Invoice ​

·         Collection of prepayment may be a requirement for subsequent delivery – this condition can be relaxed            for few customers at the discretion of the Business. ​

·         Prepayment Invoice and related Tax should be available in the respective tax reports ​

·         Final Invoice should have reference of Prepayment collected. ​

 

Options

1. Create debit memo for prepayment request and calculate taxes ​

 

2. Create manual invoice with taxes, apply and un-apply prepayment. ​

 

3. Create manual invoice with taxes (just for prepayment) and void ​

 

4. Create Sales Orders with additional lines and manage through holds. ​

 

 Option 1 - Prepayment in the form of  Debit Memo


Option 1 - Prepayment in the form of Debit Memo


Option 2 - Manual Prepayment Invoice




Option 2 - Manual Prepayment Invoice




  Option 3 - Manual Invoice Process

 

Option 3 - Manual Invoice Process




Option 4 - Prepayment Invoice - from Order to Receivables




   Option 4 - Prepayment Invoice - from Order to Receivables

    


Summary



Setup and Process for Order to Receivable Option






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