Advanced Receipt Processing

The Sales Order Advanced Receipt Processing function processes receipt payments to recognise revenue only when the earning process is complete.

These business rules apply:

Advance receipts are recorded as deferred revenue.
When a sales order with an advance receipt attached is invoiced, an advance receipt journal is created and applied to the invoice.
Once an advance receipt journal is applied to an invoice (partially or fully), it cannot be unlinked from the sales order.
Where the invoiced value of the sales order is less than the advance receipt value, the balance remains as an advance receipt until the order is fully invoiced.

These exclusions apply:

Advance receipt business rules do not apply to CRM quote receipts and AR unapplied receipts.
There is no process to support advance receipt refunds.