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Accounts Payable: Method of Payments

Prepayments allow businesses to record payments made to vendors in advance of receiving the related goods or services. Microsoft Dynamics 365 Finance provides functionality to create, process, track, and apply vendor prepayments within Accounts Payable. This section provides a practical overview of the prepayment process, including the setup, processing of prepayment transactions, application of prepayments against vendor invoices, and the resulting accounting entries in the General Ledger.