How to handle split invoices/payments for Purchase Order?

Kinetic ERP
1

Hi,

We have a Purchase Order with one line to buy 17 x Assembly XXXX.
There are 17 releases on the line, as each has a different due date.

Our Supplier wants to invoice us as follows:

  • 30% of the PO value up-front
  • 70% on delivery of each item/release.

How do we achieve this in Epicor?

Currently, if we recieved an invoice for 30% of the PO value, we wouldn’t be able to match the invoice to the PO lines.

I thought about creating an individual PO Line for the 30% up-front payment. However, when the 17 assemblies are delivered and recieved into stock, their stock value would only be 70% of their total cost.

Thanks for any help!

2

Ah, I think I’ve found that I need to be using ‘Advanced Billing Lines’ on the AP invoice.

  • Advanced Billing Line – Use this type when you make an advance payment against a purchase order line before you receive a shipment from the supplier.
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