APPLYING SUMS IN TRANSACTION PROCESSING

A prepayment is tied to a purchase order when a purchase order is generated. The prepayment is then posted to a deferred payment account, instead of an accounts payable account. When an invoice is received on the purchase order, the prepayment is applied to the invoice. The prepayment is consumed be...

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Bibliographische Detailangaben
Hauptverfasser: SWANSON MARJORIE A, NISTLER THERESA M, PYTLIK JOSEPH A
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A prepayment is tied to a purchase order when a purchase order is generated. The prepayment is then posted to a deferred payment account, instead of an accounts payable account. When an invoice is received on the purchase order, the prepayment is applied to the invoice. The prepayment is consumed before increasing the accounts payable account.