Advance Payment Categories

In some countries, businesses are legally required to make a distinction between advance payments made for these categories.

LN posts the transactions to the ledger accounts that you linked to the selected category in the corresponding Ledger Accounts by Business Partner Group (tfacp0111m000) session.

  • Tangible Fixed Assets

    For example, supplies and stocks of:

    • Land
    • Properties
    • Machines
    • Equipment
    • Advance payments and buildings under construction
  • Intangible Assets

    For example:

    • Concessions
    • Licences
    • Goodwill
    • Advanced payments
  • Inventories

    For example:

    • Raw materials
    • Unfinished products
    • Finished products
    • Advance payments
  • Other Assets

    For example:

    • Shares in associated companies
    • Claims and other properties
    • Claims on deliveries
    • Claims against associated companies