When transitioning from x application to BizCentric, the process for booking advance Accounts Payable and reconciling them with future invoices is as follows:

Booking Advance Accounts Payable:

1. Create a Journal Entry with the type “Opening Entry.” Debit the Creditor Account by selecting the necessary Supplier and credit the Temporary Opening Account.
2. Expand the Creditor’s Row and mark “Yes” for “Is Advance.”
3. Submitting the Journal Entry will result in a negative balance in the Accounts Payable Summary.

Reconciling with Purchase Invoices:

1. Consult the Accounts Payable report after generating a Purchase Invoice.
2. Currently, they exist as separate entries and are not reconciled. Utilize the Payment Reconciliation tool to reconcile these entries.
3. After reconciliation, review the Accounts Payable Report. The Journal Entry will no longer be visible, and it will reflect the difference between the Invoiced Amount and the Advance Amount.