1. SAP Glossary
  2. SAP Business One
  3. special advance payment



What is special advance payment in SAP (SBO - SAP Business One)?



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SAP Term: special advance payment

  • Component: SBO

  • Component Name: SAP Business One

  • Description: A regular payment to the tax office that must be made in order to receive an unlimited extension for the submission of advanced returns.


AnswerBot for ERP

AI-powered explanations - the intelligent way to understand SAP terms.
  • Key Concepts: 
    Special advance payment is a feature in SAP Business One (SBO) that allows customers to make payments in advance for goods or services. This feature is useful for businesses that need to receive payments quickly, such as those that offer services on a subscription basis. It also helps businesses manage their cash flow more efficiently. 
    
    How to use it: 
    To use the special advance payment feature in SBO, customers must first create an invoice for the goods or services they wish to purchase. Once the invoice is created, customers can select the “special advance payment” option and enter the amount they wish to pay in advance. The payment will then be processed and the customer will receive a receipt for their payment. 
    
    Tips & Tricks: 
    When using the special advance payment feature, it is important to keep track of all payments made and ensure that all invoices are paid in full. Additionally, it is important to ensure that customers are aware of any additional fees or charges associated with making an advance payment. 
    
    Related Information: 
    For more information about special advance payments in SBO, please refer to the SAP Business One User Guide or contact your local SAP representative.
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