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Hello Mike (Michael McKay)
Happy to see your postings after a long time.
I wish to share the following points in Adempiere. I hope your comment will help others too.
In Adempiere, Payment against a purchase order is posted to 'Vendor Pre-payment' a/c whereas an 'on account payment ' to the vendor is posted to 'payment selection'. Both these payments are actually advance for which liability (vendor invoice ) not yet created.
By looking at GardenWorld accounting elements, the account type of 'Vendor pre-payment a/c' is Asset, which is correct but the account type of 'payment selection' is showing as Liability, which I think is wrong. Am I right?.
Do we need both these accounts? Is it OK if we post to 'Vendor Pre-payment' a/c for any payment which are not allocated vendor invoices.
Kindly share your views