This report lists all vendor prepayments entered against open orders. A prepayment remains on the report until the order is completed and is transferred to history.

We suggest this audit report be reconciled to the General Ledger periodically.  If an error during Invoice Register Update occurred, it is possible that the prepayment did not reverse from the Vendor Prepayment account to Accounts Payable.  If any closed orders are still present on the audit, a Journal Entry will be necessary to remove the remaining prepayment from the audit.

This audit report lists the vendor number and name, the order number the prepayment was applied to, total order cost, deposit amount, amount of the prepayment applied to vouching in history, amount of the prepayment applied to vouching in process, the remaining prepayment still in the G/L, and the report totals.