How Prepayment or Advance Payments handle in Projects?

Hi Experts,
I hope some one can give me guidance on handling the advance payments (Prepayments) in projects by project customers. on R12.0.6.
Say I have agreement with customer A of amount 1,00,000 INR on project B. Customer has already paid 10,000/- INR at start of the project. In such scenario how can i generte invoice and revenue for amount 90,000/- INR ?
I have constraint to create the agreement of 100,000/- INR and utillised complete funding.
Please guide.
Thanks
:-)

Hi
When you link prepayment received in AR to an Agreement in PA, the funding is not affected. It is only a way to indicate that amount which was already received and will be applied to invoices over time.
Pre R12.1 ; you still can use the same method, just enable a DFF on the agreement to capture the fact that prepayment has been received.
Using such method the invoices themselves will show the full amount, the value of the deliverables. You might want to add a note / comment on the invoice to indicate to your customer that you already received part of the money as prepayment.
The alternate solution, using billing extensions, is taking a different approach. You could enable a DFF on the agreement to indicate the prepayment you are expecting to get, and the liquidation method from future invoices.
On that project enter a manual event of type "prepayment", with the amount of the prepayment claim. Generate a draft invoice with only that event and send to customer. Apply the prepayment amount you receive to that invoice in AR.
Billing extension will be called by GDI when generating invoices (not prepayment claims). The logic will calculate the reduction amount and create a negative event of type "prepayment reduction". The automatic event will be included in the invoice, reducing the total amount of the invoice to the net amount you need customer to pay.
With that approach the prepayment claim is considered an invoice, which you treat as standard invoices in AR. With that approach the fund is used by prepayment invoice and later by the net amount of further invoices.
Dina

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This is thiyagarajan,
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