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Accounts Payable: Prepayments

Prepayments allow a company to pay a vendor in advance for goods or services before the final invoice is received. In Dynamics 365 Finance, a prepayment can be created against a purchase order, with the business able to specify either a percentage or a fixed amount to be paid in advance. This section explains how to create and process prepayments, from setting up the required accounts and creating the prepayment invoice through payment, receipting, and final invoicing