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