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'Prepaid' Inventory

DDREW

Member
\'Prepaid\' Inventory

Coexistent, AS/400, A73 Cume 11, B733 SP 10

We have been live on JDE since June. We have a customer that wants to prepay for their 'customized' inventory. The inventory will be produced and placed in inventory. However the customer wants to prepay for the inventory and just place order for shipments (not billed on an order by order basis).

Is there anyone that is currently doing this? I would just like to be sure we have our procedures all in place before actually doing this.

Thanks in advance for any assistance.


DeeAnn M. Drew
Briggs Corporation
515-327-8740 (w)
515-327-6421 (f)
ddrew@briggscorp.com
 

Robert Robinson

Reputable Poster
Re: \'Prepaid\' Inventory

As a matter of fact, we just ran through a worked through a set of
procedures that will allow us to handle the situation that you are talking
about. We have prepayments for inventory plus freight and other costs. We
are using voucher logging to handle the prepayment process, then we receive
the inventory and record freight costs in the 3-way match process. Once all
of the goods related to the P.O. process have been received, we then
redistribute the logged voucher. If you would like the details on this
process, please contact me.

Robert Robinson, CPA/CITP, CNE
Senior Business Systems Analyst
Durr, Inc.
734.459.6800
fax # 734.459.5837
e-mail address: rrobinson@durr-usa.com




DDREW
<DDREW@briggscorp. To: jdeworldml@jdelist.com
com> cc:
Sent by: Subject: 'Prepaid' Inventory ~~0:3489
owner-jdeworldml@j
delist.com


01/08/2001 10:56
AM
Please respond to
jdeworld






Coexistent, AS/400, A73 Cume 11, B733 SP 10

We have been live on JDE since June. We have a customer that wants to
prepay for their 'customized' inventory. The inventory will be produced
and placed in inventory. However the customer wants to prepay for the
inventory and just place order for shipments (not billed on an order by
order basis).

Is there anyone that is currently doing this? I would just like to be sure
we have our procedures all in place before actually doing this.

Thanks in advance for any assistance.


DeeAnn M. Drew
Briggs Corporation
515-327-8740 (w)
515-327-6421 (f)
ddrew@briggscorp.com




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