Creating note prepayments

Note: When you receive customer prepayments for contract notes, you can immediately record and release each prepayment. Upon release, the payment amount becomes available for transfer to the General Ledger application.

A note prepayment is a customer payment that reduces the outstanding principal amount of the note. Use this procedure to create and release prepayment records.

  1. Access Customer Contract Charges (FR15.1).
  2. Select the company, customer, ship to, and contract number for the customer contract you want to create note prepayments for. Select the Inquire form action.
  3. Select Note next to the applicable charge to open Note Based Charge (FR15.4).
  4. To add the prepayment record, select Prepayment to open Note Based Prepayment (FR15.5).
  5. Select the date and specify the prepayment amount. Select the Add form action.
  6. Select the Release form action to release the prepayment record.

Related reports and inquiries

To Use
Print customer note balances for administrative review Customer Note Balance (FR270)