Tuesday, 14 June 2022

 Types of Pre-Payments


Lets understand in simple words the meaning and types of pre-payments


Pre-Payment - 

A payment that you make to the suppliers in anticipation of their goods and services. In other words its an advance payment to a supplier.

Types:

1. Temporary - 

For which you ought to receive an invoice in near future. For eg - Deposit to a hotel

2. Permanent - 

No invoices to be received in the future. For eg - lease deposit.

By at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Oracle Financial Update - 24D

 ðŸš€ Exciting News for Oracle Financials Users! 🚀 Oracle Cloud Update 24D introduces a powerful enhancement to Segment Value Security in O...

  • (no title)
     BILL MANAGEMENT It's a self-service approach that reduces customer inquiries and also reduces the tasks that the organization does of r...
  • (no title)
      General Ledger 24B: Accounting Data Archive and Purge 1. Setup and Maintenance - Manage Archive and Purge Policies 2. Select archive and p...
  • Oracle Update 24A highlights
      Oracle Fusion Cloud Financials 24A What's New