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Advance Freight payment to Driver (Vendor)

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  • Advance Freight payment to Driver (Vendor)

    We have a scenario in our Transportation operation which is as below -

    Total shipment cost for the transport is 2500 USD. Out of which about 100 USD is prepaid as Advance amount to the driver and the balance amount 2400 USD should be settled with the vendor only after Delivery..

    For this scenario.. I wanted to checkout how this 100 USD (Advance Payment) transaction treated in OTM.. and TDS @ 1% should be calculated on this amount at the time of payment.

    Please let me know if I am overlooking this feature in OTM..

    - Thanks,
    Suresh

  • #2
    Re: Advance Freight payment to Driver (Vendor)

    There isn't a standard feature for this in OTM. There is no way to create a voucher for shipments that aren't tendered.

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    • #3
      Re: Advance Freight payment to Driver (Vendor)

      Hi Lourens,

      Thanks very much for the reply. However just want to check if I understood the line '....for shipments that aren't tendered'.

      Actually the Shipment is already awarded/tendered to the carrier.... its only that the part of the amount from the total freight cost is paid in advance and the balance would be paid later during delivery.. However like you said it won't be a standard feature..

      Regards,
      Suresh

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