What is down payment in SAP SBO - SAP Business One?

SAP Term: down payment

• Component: SBO

• Component Name: SAP Business One

• Description: A part of the full price paid at the time of purchase or delivery. This amount is subtracted from the total amount of the document, usually from a sales or purchasing invoice.

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• Key Concepts: 
  Down payment is a payment made by a customer to a vendor before the delivery of goods or services. It is usually a partial payment of the total amount due and is used to secure the vendor's commitment to deliver the goods or services. In SAP Business One, down payments are recorded as invoices and can be tracked in the system.
  
  How to use it: 
  In SAP Business One, down payments can be recorded as invoices. To do this, go to the Invoicing tab and select “Create Down Payment Invoice”. Enter the customer information, select the items to be paid for, and enter the amount of the down payment. Once the invoice is created, it will be visible in the system and can be tracked.
  
  Tips & Tricks: 
  When creating a down payment invoice, make sure to enter all relevant information such as customer name, address, and contact details. This will ensure that all payments are properly tracked and accounted for. Additionally, it is important to note that down payments are not considered as revenue until the goods or services have been delivered. 
  
  Related Information: 
  For more information on down payments in SAP Business One, please refer to the official documentation here: https://help.sap.com/viewer/product/SAP_BUSINESSONE/9.3/en-US/f8d7f2b6a7c14e8f9a7d3c2b1e5f9a4d.html