Vendor Deposit / Prepayment

Deposits (prepayments) can be made to a vendor in advance of receiving the invoice. Such payments may be desirable in situations where a vendor requires prepayment for a custom item or tooling. The vendor may also provide a favorable discount if paid in advance, or the vendor may not be willing to extend open credit terms. Acclamare provides the means issue such payments in advance using Make Vendor Deposits. Details on the process can be reviewed th the following attachment.

Make a Vendor Deposit.pdf