1 Down Payment Processing
Purpose
Processing vendor down payments in a company involves many different transactions, some of which can be carried out automatically by the system. You first create a down payment request manually. This is a purely statistical document that you require to enable the system to post the down payments to your vendor automatically using the payment program. Once the down payment request has been created, you can enable the system to post the down payments in the next automatic payment run. If the vendor invoice is later posted manually, the invoice is cleared with the down payment that has already been posted so that only the difference remains to be paid to the vendor.