Can I make an Advance Payment for a PO?
Yes, you can send an advance payment for a PO.
If the vendor requires an invoice/bill payment in advance, create a Bill for the Advanced Payment amount. This Bill will naturally not accomplish a 3-Way Match (since it has not been received), however, you still have some options:
- Perform a 2-Way Match (PO vs. Bill Amount only).
- Perform a 3-way Mismatch, and explain the Receiving mismatch reason in the Bill description field.
Once the Bill for the Advanced Payment has been approved, you can pay it.
To learn more about 2 and 3-Way match, please see our articles: Does ControlHub support 2-way match? and Does ControlHub support 3-way match?
