How to Create Prepayment Invoice in Oracle Cloud ERP R13|Accounting flow in Prepayment Application.

[@lavanyabaludu7290]

Sir always for prepayment invoice payment term should be immediate or elso use different payment terms also

[@inderjeetsingh9609]

Prepayments have been fully paid and accounted, posted into GL, with 'Allow prepayment application option' enabled but business may not got receive any standard invoices/services from supplier to be applied against these prepayments. How to knock off the prepayment available balance without cancelling the invoice?

[@mytechnojournal]

create a dummy invoice of the supplier and apply prepayment,

[@inderjeetsingh9609]

@@mytechnojournal you mean credit memo?

[@msrihari6245]

What is the relevance of enabling this option "Allow prepayment application option" here