Prepayment Differences
When you apply a prepayment to an invoice in a foreign currency, Business Central calculates the difference in the amounts based on currency exchange rates between the invoice and the prepayment and create a prepayment difference entry for the invoice.
Setup for Purchases
On the Purchases & Payables Setup page, fill in the fields:
| Field | Description |
|---|---|
| Use Prepayment Account | Specifies if you want to post prepayments using the general ledger account. |
| Posted PD Doc. Nos. | Specifies the number series from which numbers are assigned to new records. |
| PD Doc. Nos. Type | Specifies if you want to use a number series or symbol to identify prepayment transaction entries. |
| Symbol for PD Doc | Specifies the symbol that identifies prepayment related entries. |
Setup for Sales
On the Sales & Receivables Setup page, fill in the fields:
| Field | Description |
|---|---|
| Use Prepayment Account | Specifies if you want to post prepayments using the general ledger account. |
| Create Prepayment Invoice | Specifies if you want to create an invoice for the prepayment. |
| Posted Prepayment Nos. | Specifies the number series from which numbers are assigned to new records. |
| Posted PD Doc. Nos. | Specifies the number series from which numbers are assigned to new records. |
| PD Doc. Nos. Type | Specifies if you want to use a number series or symbol to identify prepayment transaction entries. |
| Symbol for PD Doc. | Specifies a symbol that identifies prepayment related entries. |