Vendor Deposits

Eliminate Vendor Overpayment!

Do you have vendor pre-payment/retainer requests?

Do you need to issue a check request during PO entry?

Paradigm’s Vendor Deposits for Dynamics GP minimizes the risk of overpaying vendor invoices by tracking deposits to later apply to invoices. Vendor Deposits allows the user to record a prepayment with the purchase order and then deposit tracking is automatically handled without further user intervention. Open deposits are tracked and the user is prompted during invoice entry if a deposit exists and if it should be applied to the invoice ensuring vendors are not overpaid. Prepayments can be via credit card, manual payment, or computer check which initiates a check request transaction in the AP.

Why Use?

  • Automatic tracking in Accounts Payable and General Ledger
  • Automatic reminders of open deposits available to apply to invoices
  • Streamline the deposit process
  • Minimize the risk of overpayment
  • Easy access and full inquiry capabilities with built in vendor deposit audit trails
  • Easily review PO’s and deposits with built in Vendor ID, PO Number and Deposit Amount filters

Download the Vendor Deposits literature.