Key points
1. If PO is matched to the Prepayment, it will allow to apply only on those
standard invoice in which same PO is applied
Scenarios:
a. In Case, Standard is matched with another PO: -Create Standard invoice matching with Same PO that is matched on the
Prepayment and apply the prepayment, further on the line level take any Control GL Account like- AP Accrual, -If Tax getting calculated on the newly created invoice, then create 1 negative
value line and provide the same control GL code and ensure that TDS should not be calculated on the line, and also ensure that the GL code in distribution level for
Tax and Newly created line should be the same. -Create 1 Debit memo, and provide Control GL code on Line level - Create Payment and Consider Actual Expenses standard invoice, that needed to
be knock off using Prepayment, and Debit memo created in above steps -Transaction will get knock off and will not be visible in the Ageing.
b. In Case, Different Withholding Tax applied on Standard or Prepayment: -Create 1 Standard invoice, with same criteria as applied in creation of
Prepayment, Apply Same Withholding Tax On the Standard invoice, and apply the
Prepayment before Validation of the standard invoice so that Withholding tax will not be calculated twice.
Prepayment not allowed to apply: -If Standard invoice:
Same PO is not matched on Standard and Prepayment
Same TDS Section not applied on Standard and Prepayment
Same PO Line is not matched on the Standard and Prepayment -
Standard way to match Prepayment on Standard invoice.
Prepayment should be applied on the standard invoice before it gets validated
