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Maximo 7.5.0.0
I have some vendors that require a full payment or other vendors that
require 15% to 30% advance payment of the total cost of a regular PO before
they can ship the order. Could you please let me know how do you handle
prepayment and deposit on the invoice application? Or if you have any
suggestion on how to track this transaction in Maximo, please let me know.
Thanks!
You can set up a Standard service Item as a prepayment or Deposit item. Create an invoice to that PO with the standard service items on it. Apply the charge to a prepayment account( this can be by default on the service item setup)
Upon receipt of final invoice, , add the same Standard service item to the novice, with a NEGATIVE value, which will then remove the prepayment and credit your prepayment account.
Arden Juby -Principal
Cell : 770-331-0919
[cid:AF726029-2E03-4D98-B502-A25DA355163B]
[cid:7BEB7C4C-38B2-4728-9F8D-6901E6D040D5]
From: "'Martin J. Wunder' mwunder@rstarmail.com<mailto:mwunder@rstarmail.com> [MAXIMO]" <MAXIMO@yahoogroups.com<mailto:MAXIMO@yahoogroups.com>>
Reply-To: "MAXIMO@yahoogroups.com<mailto:MAXIMO@yahoogroups.com>" <MAXIMO@yahoogroups.com<mailto:MAXIMO@yahoogroups.com>>
Date: Monday, May 12, 2014 at 3:38 PM
To: "MAXIMO@yahoogroups.com<mailto:MAXIMO@yahoogroups.com>" <MAXIMO@yahoogroups.com<mailto:MAXIMO@yahoogroups.com>>
Subject: [MAXIMO List] Invoices - Deposits and Prepayment
Maximo 7.5.0.0
I have some vendors that require a full payment or other vendors that require 15% to 30% advance payment of the total cost of a regular PO before they can ship the order. Could you please let me know how do you handle prepayment and deposit on the invoice application? Or if you have any suggestion on how to track this transaction in Maximo, please let me know.
Thanks!
Yes, I would also use a standard service as was recommended by Arden.
And don't forget about Payment Terms field on Company record that you can use to specify vendor's requirements.
Cheers,
Alexey
Thank you very much for your help Arden!
Regards,
Martin
From: MAXIMO@yahoogroups.com [mailto:MAXIMO@yahoogroups.com]
Sent: Wednesday, May 14, 2014 9:37 AM
To: MAXIMO@yahoogroups.com
Subject: Re: [MAXIMO List] Invoices - Deposits and Prepayment
You can set up a Standard service Item as a prepayment or Deposit item.
Create an invoice to that PO with the standard service items on it. Apply
the charge to a prepayment account( this can be by default on the service
item setup)
Upon receipt of final invoice, , add the same Standard service item to the
novice, with a NEGATIVE value, which will then remove the prepayment and
credit your prepayment account.
Arden Juby -Principal
Cell : 770-331-0919
[cid:AF726029-2E03-4D98-B502-A25DA355163B]
[cid:7BEB7C4C-38B2-4728-9F8D-6901E6D040D5]
From: "'Martin J. Wunder' mwunder@rstarmail.com
<mailto:mwunder@rstarmail.com%3cmailto:mwunder@rstarmail.com>
<mailto:mwunder@rstarmail.com> [MAXIMO]" <MAXIMO@yahoogroups.com
<mailto:MAXIMO@yahoogroups.com%3cmailto:MAXIMO@yahoogroups.com>
<mailto:MAXIMO@yahoogroups.com>>
Reply-To: "MAXIMO@yahoogroups.com
<mailto:MAXIMO@yahoogroups.com%3cmailto:MAXIMO@yahoogroups.com%3e>
<mailto:MAXIMO@yahoogroups.com>" <MAXIMO@yahoogroups.com
<mailto:MAXIMO@yahoogroups.com%3cmailto:MAXIMO@yahoogroups.com>
<mailto:MAXIMO@yahoogroups.com>>
Date: Monday, May 12, 2014 at 3:38 PM
To: "MAXIMO@yahoogroups.com
<mailto:MAXIMO@yahoogroups.com%3cmailto:MAXIMO@yahoogroups.com%3e>
<mailto:MAXIMO@yahoogroups.com>" <MAXIMO@yahoogroups.com
<mailto:MAXIMO@yahoogroups.com%3cmailto:MAXIMO@yahoogroups.com>
<mailto:MAXIMO@yahoogroups.com>>
Subject: [MAXIMO List] Invoices - Deposits and Prepayment
Maximo 7.5.0.0
I have some vendors that require a full payment or other vendors that
require 15% to 30% advance payment of the total cost of a regular PO before
they can ship the order. Could you please let me know how do you handle
prepayment and deposit on the invoice application? Or if you have any
suggestion on how to track this transaction in Maximo, please let me know.
Thanks!
Thank you very much for your help Alexey!
Regards,
Martin
From: MAXIMO@yahoogroups.com [mailto:MAXIMO@yahoogroups.com]
Sent: Thursday, May 15, 2014 4:02 AM
To: MAXIMO@yahoogroups.com
Subject: [MAXIMO List] Re: Invoices - Deposits and Prepayment
Yes, I would also use a standard service as was recommended by Arden.
And don't forget about Payment Terms field on Company record that you can use to specify vendor's requirements.
Cheers,
Alexey