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Current and prior year Vendor Prepay balances can be corrected in prior and current datasets as long as the current year dataset is still in Fiscal Month 1.
Log into the current year and add a Prepay A/P Bill for the Vendor whose balance is i...
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When paying for specific Product, it is important to follow the instructions below through the entire process.
A good report to help track Prepay versus regular activity of a Vendor is the Vendor Detail report found in Accounting Reports at ...
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This utility was designed to simplify the process of transferring vendor Prepay to the Regular account or receiving a refund Prepay check from the Vendor. The Transfer Vendor Prepay utility is found at Accounting / A/P / Transfer Vendor Prepay ....
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Sometimes a partial payment is paid to a Vendor to lock in a specific price for Product that will be purchased at a later date. An example of this might be prepaying $0.05 per gallon for Propane to the Vendor which locks in an actual Product cos...
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Last Updated: 03/09/2026
in Education
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If the prepay Purchase Order was created and paid in the prior year and it is preferred to recognize the loss in the prior year, set up a new general ledger account in the current year and the prior year called Recognized Inventory Value Loss of ...
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Using the price rollup feature on an Invoice allows charging for a seed treatment and displays the Products that were used in the treatment but excludes the Product prices and quantities. To exclude the prices of the seed treatment Products, crea...
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If using the Credit Management feature, collection form letters may be set up at Setup / A/R / Credit Letters .
These letters can then be sent to the Customers based on aging calculations and automatically log a cr...
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Credit Actions can be accessed at A/R / Manage Credit Actions or through the Credit tab on the Customer file. The Credit Actions area is like a tickler file. It can be used for collection purposes, such as entering payment promises, or it co...
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Setup
By Customer By Department
Multiple Salespeople can be added to a Customer profile in Agvance.
Selecting Sales. Overrides on the Customer Profile tab opens the Department Salesperson Overrides window.
He...