Hi,
The client makes payments to his vendors "On Account" without using AP DownPayment functionality.
Sometimes, he receives invoices against those payments after several weeks / months.
While recording AP Invoice, how can he apply the Payment already made, so that the Balance Due of AP Invoice is reduced accordingly?
Doing internal reconciliation is a cumbersome process for this simple requirement, and the user may forget to do Internal Reconciliation every time, especially since there are multiple users in their Accounts team.
As a result, when we are generating a report file for outstandings to be paid (containing 1 row for each AP Invoice outstanding), this particular AP invoice comes again, even though the payment is already made. The client uses this file to send to the bank to remit the payments automatically to all the vendors on their behalf, and he can not check it every time to see if there are On Account transactions which are not applied to AP Invoices !
What practical and workable solution can I suggest to my client?
Thanks.