In this lecture you will learn how to record advance payments to suppliers inside the system.
Advance payments are used when a business pays suppliers before receiving goods or services, helping secure orders and manage supplier relationships.
You will learn how to register advance payments, select suppliers, define payment methods, and link payments to future purchase transactions.
The lecture also explains how advance payments affect accounts payable, supplier balances, and future invoice settlements within the system.
Proper handling of advance payments ensures accurate financial tracking, better cash flow control, and improved procurement management.
The Udemy course includes a practical step-by-step demonstration showing how to record advance supplier payments using real business scenarios inside the application.
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