Provide better accounting for vendor so that prepayments show in the vendor's account. Currently, it only shows up under the GL account. When you look under the vendor, prepayments do not appear in the Accounts Payable module.
This creates the potential of paying vendors twice and the AP Aging is off. Some companies do not want to give their AP person access to the GL to see the prepayments.
There are difficult work arounds, but this should be a standard feature. Why do prepayments on show up in AR and not AP?
by: Alain S. | over a year ago | Financial Management
Comments
I'm confused - how do you prepay something to a vendor without recording the payment on the AP side under that vendor? You would typically have issued a check or paid them via ACH or EFT and that payment would normally be recorded on the AP side.