Automatic Prepayments to Vendors with Microsoft Dynamics 365 Finance

Dynamics 365 Finance

Microsoft Dynamics 365 Finance offers automatic prepayment functionality to simplify the payment process for vendor invoices.
Prepayments are advance payments made to vendors tied to specific purchase orders.
The system automatically applies prepayments to invoices upon receipt, streamlining the reconciliation process.
The application of prepayments can vary depending on the arrangement of invoices and purchase orders.
If automatic application fails, the system can be set to either hold the invoice pending manual application or continue processing without stopping other processes.
Manual application of prepayments can be done by setting the invoice to manual processing and applying the prepayment.
To bypass a prepayment entirely, the invoice can be temporarily set to manual processing and the prepayment can be ignored.
The automatic application of prepayments improves financial management by reducing manual tasks, enhancing accuracy, and improving efficiency.

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