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Payment advances in behalf of a partner

By
Mike Lim
on 6/11/14, 4:56 AM 645 views

Hello,

How do you make advance payments in behalf of a partner? It is a local practice here where a company pays first for the expenses made by a customer or a partner. For example, a customer makes a service request. The company sends a crew to the customer's location, and pays all expenses such as transportation and lodging. Where or how should they be entered in OpenERP and how should they bill the customer? My idea is to pay the supplier first through Purchase Receipt or Supplier Invoice and then bill the customer through Sales Receipt. What should be the journal or account select on the Purchase Receipt? Same situation with Suppliers / Partners. Since there may be expenses that need to be paid in advance by the Company and then just bill them right after. How can this be done?

Thanks for your help!

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Kevin McMenamin

--Kevin McMenamin--
804
| 5 2 6
Auckland, New Zealand
--Kevin McMenamin--
Kevin McMenamin
On 6/23/14, 4:25 AM

This sounds like you are doing some form of project, so presumably you want to correctly track income and expenses for the project. I would use analytic accounting. If the customer is paying expenses, presumably they require you to invoice for them - in which case you raise a financial invoice. You could have product codes for the various expense types so that the GL coding happens automatically. Same for supplier payments - enter a supplier invoice. Then use the anlytic account to track income/expenses

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Asked: 6/11/14, 4:56 AM
Seen: 645 times
Last updated: 3/16/15, 8:10 AM