| # Advance Payment Request An advance payment represents a request to the business partner to pay a certain amount or percentage in advance. If you select this option, the advance payment request is used as the default advance payment type for the contract and contract line. Invoice An advance invoice represents a normal invoice that must comply with all legal requirements and is included in the sales listing, VAT declaration and Revenue recognition. If you select this option, the advance invoice is used as the default advance payment type for the contract and contract line. Request or Invoice Infor LN allows you to select the type of advance payment, based on the requirement for the contract or contract line. |