These settings help merchants make sure prepayments are applied to invoices in a manner that best fits their individual workflow.
Navigate to Config > Settings > Prepayments Settings. To choose how prepayments are applied to invoices, select an option from the following collection methods. These settings determine how prepayments are applied to invoices regardless of whether the invoice has Net Terms or not.
Automatic Payment Collection Method:
- Do not automatically apply prepayments
- Apply available prepayments automatically immediately upon issuance of invoice
- Apply prepayments automatically on the due date (the default setting)
Remittance Payment Collection Method:
- Do not automatically apply prepayments
- Apply available prepayments automatically immediately upon issuance of invoice (the default setting)