Overview

The Purchase with Anticipated Billing process, according to the tax laws,takes place when goods are delivered after the date of billing.

The invoice is issued only for simple billing purposes and, in the absence of goods delivered specifying the effective output of goods sold.

Traditionally, buying for future delivery involved the selling company negotiating the goods that are in your stock, or goods already produced or acquired, which in interest or convenience of the buyer, still in possession of the selling company.

However, the anticipated billing occurs when a seller sells a given commodity that is not produced or acquired from third parties and, the seller sells the product that is not in inventory. In this case, there is also the advance payment of the sale, but without the immediate availability of the goods.

So, to execute this process, two notes must be received at different times:

Simple invoicing, where the payment is made in advance for the contracted products.
Create a simple shipment invoice that can be made partial deliveries of the products purchased, as agreed with the supplier.

To execute this process, LN uses the supplier stage payments which is a standard feature and is expalined in this guide.