The management of supplier deposits and advances enables the company to record and track amounts paid to suppliers when ordering goods or services, while ensuring clear and compliant accounting.
\nIt provides accurate tracking of amounts paid, refunded, or allocated to invoices, and generates detailed reports on all transactions related to these deposits.
\n• Real estate rental
\n• Equipment rental
\n• Other<\/p>\n
Example
\nAs part of an equipment order, a deposit of 5,000 is paid to the supplier upon signing the purchase order:
\nThe amount is recorded in a supplier deposit account \/ liability account
\nIt is not subject to VAT at the time of payment
\nIt is not posted to the purchase account until delivery takes place<\/p>\n
Upon delivery or final invoice:
\nThe deposit is deducted from the total amount due
\nIf the deposit exceeds the final invoice, the balance may be refunded by the supplier
\nIf the deposit is lower, the remaining amount is invoiced as usual<\/p>\n
The system clearly distinguishes between supplier advances and actual purchases, ensuring reliable and transparent accounting.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"content-type":"","inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"product_brand":[],"product_cat":[151],"product_tag":[],"class_list":["post-84675","product","type-product","status-publish","product_cat-uncategorized","first","instock","virtual","taxable","product-type-simple"],"yoast_head":"\n