my job depends on me learning this software, so ill be watching a lot of your videos! :) good work!!
@mamtathakur67153 жыл бұрын
The way you explained is simple & easy to understand. Thanks alot
@Scott-Gaines3 жыл бұрын
You are most welcome!
@latarao50213 ай бұрын
Thanks for this video it really helps.
@caiborejon55552 жыл бұрын
Thanks a bunch for this! VERY HELPFUL!
@harshpavani9763 Жыл бұрын
Thanks for this video, it was to the point and very informative.
@brintonf Жыл бұрын
Great demo! Thanks for showing the full payment process from start to finish, but one question... When you apply the prepayment, does it reverse the posting from the prepayment ledger into the other asset/expense account of whatever item/expense is on the invoice?
@danigarcia12097 ай бұрын
Someone please answer this. I am having the same question.
@Mahaseenrecords2 ай бұрын
@@danigarcia1209 yea.. it will be reversed automatically once the invoice is posted against that. other than it would be considered an expense in the ledger for the balance sheet.
@AliRazaZaidi4 жыл бұрын
Amazing Sir, Your video fuel me up. I am decide to add videos on Dynamics 365 for finance and operations.
@Scott-Gaines4 жыл бұрын
Great 👍
@debray95723 жыл бұрын
You're doing a great job. Keep'em coming!
@Scott-Gaines3 жыл бұрын
Thanks, will do!
@StrattonVA9 ай бұрын
@@Scott-Gaines What happens if the PO is based on an estimate, but the amount changes when the final invoice/item are received. For instance, let's say I have a PO for Time & Materials. 20 hours @ $100 hours with a 50% prepayment required. If 20 hours happens, we're solid. If 22 hours happens, I know we just add a second line (no prepayment) for the balance. But what happens if it comes in at only 15 hours? I can't reopen the invoice and change the quantity to modify it DOWN.
@ranasarkaya963 Жыл бұрын
Hello thanks for this great video i was trying to setup prepayment but i was wondering what is the difference between prepayment aplication voucher and prepayment voucher ?
@diegoromaomanfiogozzi18372 ай бұрын
Thank you man!
@cervellogar2 жыл бұрын
The system doesn't make you add an item sales tax code on the prepayment invoice?
@sanjfernando44132 жыл бұрын
Thanks . really good
@yugandharkambam9616 Жыл бұрын
Hi sir, is there any possibility prepayment invoice cancellation..... Po is 100 usd and I have wrongly done prepayment of 40 usd and I invoiced 40 usd.... But actually prepayment is 20 usd ..... What is the solution?
@CataPLC4 жыл бұрын
Hi, this could be the case in FOB purchase order, isn't it?. what happens with the inventory between the prepayment and the receiving process? Are we able to look at the inventory?, where is it?, thanks
@Scott-Gaines4 жыл бұрын
Yes that's the exact scenario. The client I'm working with is a US customer that takes possession of the inventory when it hits the Chinese Port. A prepayment is created that updates a GL account in D365 called "On Water Inventory" this holds the value of the on the water inventory. We don't really want to show the inventory quantity on hand because they don't have physical possession of the goods yet. To see inventory quantities they just look at the PO. We've talked about creating a report that shows all the items and inventory quantities for the POs that have prepayments on them, but so far that hasn't been needed. The only GAP we've found is if the entire amount of the PO is not taken. This isn't the case with my client, but if that were the case we'd need a modification that would allow the prepayment to be taken as a lesser amount of the PO, but would send the prepayment amount to one GL and the entire amount of the PO to the on water GL account. '
@CataPLC4 жыл бұрын
DynamicsPost My client does a 80% prepayment when the origin port and wants to have the inventory while in the sea. I assume this in not standard, isn“t it?
@dharmaranjansahu3 жыл бұрын
IN 5:51, When you post & Validate in the same time while posting i got a error (The transactions on voucher DEMO-000160 do not balance as per 3/11/2021. (accounting currency: 9,990.00 - reporting currency: 9,990.00). can you please help me to solve this????
@Scott-Gaines3 жыл бұрын
I've seen that error before it really doesn't have anything to do with advanced warehouse its that you have a reporting currency on your GL. Try searching "does not balance because of reporting currency" that should give you several options to try.
@danigarcia12097 ай бұрын
Can someone please help me understand the posting on the GL using this method? When the initial prepayment is made, lets say 50% upfront, GL posting should be Dr Prepaid expense $XXX Cr Cash /AP $XXX What happens happens then when the remaining 50% is invoiced/paid/applied? Does the amount that was placed in a prepaid expense account above get reversed and placed into it final expense account at 100% of the invoice?
@Aariles6 ай бұрын
The final invoice will reverse the 50% prepayment (credit) and then you PO line item will be accounted for 100%. The prepayment line on the final invoice is always there to reverse the prepayment account, no matter the %