Order Entry > Entering Transactions > Prepayments > Entering a Prepayment

Entering a Prepayment

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About Exchange Rates

About Prepayments

Changing Payment Terms

Changing Tax Groups and Tax Classes for Order Entry Documents

Editing an Order

Entering an Order

Invoicing Shipments

Managing Sales Splits

Pre-authorizing a Credit Card Payment

Processing a Credit Card Prepayment

You can enter one or more prepayments for an active order, a future order, or a shipment. You can also enter one prepayment for each invoice you produce. More...

You can review prepayment information in the Prepayments fields on the Totals tab of a document. You can also print prepayment details on the order, shipment, and invoice transaction lists, and on the invoice posting journal.

After you enter and post a prepayment, you cannot change it in Order Entry. If you need to change the amount of the prepayment (or other information), you must adjust the receipt in Accounts Receivable.

ClosedBefore you start

  • Find out which Accounts Receivable receipt batch to use for the prepayment.

  • Find out which deposit number to use for the prepayment. You can look up the bank code and deposit number when you enter the receipt.

    Once a default deposit number has been assigned to the receipt batch, you cannot use a different one in Order Entry.

To enter a prepayment:

  1. Open Order Entry > O/E Transactions.
  2. Open Order Entry and then create or select a transaction.
  3. Click the Prepayment button.

  4. On the O/E Prepayments screen, create or select a receipt batch for the prepayment you are entering. More...

    1. In the Batch Number field, select an existing receipt batch for the prepayment you are entering, or use the options to the right of the field to create a new batch.
    2. If you are creating a new batch, enter the batch date.
    3. If you use multicurrency accounting, select the bank code and currency.

    4. Select a deposit number, or use the options to the right of the field to create a new deposit.

      Tip: If you want to consolidate multiple receipt batches into a single bank deposit, select an existing deposit number.

  5. Enter payment details. If you use Payment Processing and want to process a credit card prepayment, you must also enter a processing code. More...

    1. In the Payment Code field, select a payment code.

      Note: If you want to use Sage Payment Solutions to process a credit card prepayment, select a payment code that uses the payment type SPS Credit Card.

    2. If you are processing a credit card prepayment, select a processing code that will be used to process the credit card transaction.

      Note: The bank and currency for the processing code you select must match the bank and currency for the current transaction.

    3. In the Check/Receipt Number field, enter the check number if payment is by check.

      • If the payment is not by check, you can enter a reference number.
      • If you leave the field blank, Order Entry assigns a number that consists of the batch number and the entry number.
    4. Enter the receipt date.
    5. In the Receipt Amount field, enter the amount of the prepayment.
    6. If you use multicurrency accounting, enter bank rate information. For more information about these fields, see O/E Prepayments Screen.

  6. Click Save to add the prepayment.

    If you use Payment Processing and you selected a payment code that uses the payment type SPS Credit Card, the Charge button becomes available.

  7. If you want to process a credit card payment, click Charge and use PMT Process Credit Card screen to process the credit card payment.

  8. Close the O/E Prepayments screen.

ClosedAfter entering a prepayment

If you processed a credit card payment for a transaction that has not been posted, and the transaction has not been settled in Sage Payment Solutions, you can void the payment. For more information, see Voiding a Credit Card Prepayment.

Last published: 4/8/2016