We have prepaid for items that will be shipped elsewhere. We receive the "paid" invoices from the vendor for each load shipped. First, how should I set up the prepayment to the vendor. Second, how do I reconcile or mark off the items shipped from the vendors' invoice against the total amount prepaid?
Solved! Go to Solution.
"The only issue was that I didn't see where I could "set credits" in the Pay Bills."
You put the prepayment account on a Vendor Credit. You enter the bill in full, as if you still need to pay it all. In Pay Bills, you select that bill, and the middle section shows there is an available credit to apply.