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Re: Pre-paid inventor

On 03/09/10 14:51, Chris Travers wrote:
On Tue, Mar 9, 2010 at 2:48 PM, Joseph <..hidden..> wrote:
On 03/09/10 14:15, Chris Travers wrote:
On Tue, Mar 9, 2010 at 11:32 AM, Joseph <..hidden..> wrote:
How to handle correclty pre-paid inventory?

Can you be more specific? ?What do you mean "pre-paid?"

Best Wishes,
Chris Travers

What I mean is you pay for supplies/goods first before you receive them.
Eg. Supplier sends me "proforma invoice" and I pay it but I don't receive the goods till maybe after two months; meantime I have to reconcile the bank

Is this the case with all your goods?  Or just some invoices?  Do you
ever pre-pay part of an invoice?

Best Wishes,
Chris Travers

Not all but some vendors, especially new ones request prepayment in advance.  For larger orders some request partial payment.