Name of Feature/Request: Prepaying for Purchase Orders
What financial, time savings, or quality of life improvements will occur from this: Charlie works with international vendors who require a deposit/ pre-payment prior to the bill being created. Charlie would like a way to complete and record this payment in Striven | Frequency: 20% of their POs are affected by this pre-payment requirement | “We have some vendors that require a pre-payment for purchase orders. We do not have a bill and we haven’t received any goods, we just need to record the pre-payment.” A majority of their vendors overseas require prepayment so they need to apply a prepayment without using a Bill since the Bill is what brings the Inventory into the system.
“1. Create a payment from a PO without creating the bill. This payment would be linked to the PO, and would automatically be applied to the bill once it is created.
2. Create a bill without receiving inventory - this way we could partially pay the bill, and the receiving part of it could be done later on.”
Attempted Solutions So Far: Charlie could enter a journal entry for his pre-payment, but this isn’t able to be applied to a PO.
Digging deep - Any additional Why behind this request / How was this accomplished before Striven in what system or software: Previously accomplished: https://APP.Striven.com/t/prepayment-for-inventory/438
StrivenID: 3143640