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Create one Purchase Order per Floor Plan Unit
PO Setup:
The "buy from vendor" is set as the factory (where the unit is coming from).
The "pay to vendor" is set as the floor plan company (the financing company that owns the unit temporarily).
Check Is Floor PO Plan Vendor box
Add Default Payable GL Account
Create an Invoice when the PO is received: after receiving the unit, an invoice is created and issued to the floor plan company.
Payables to hit a separate GL Account called Floor Plan Payables to make it easier to track floor plan payables independently from other outstanding payables.
Payment to the floor plan company is only made after the unit is sold.
Serial numbers need to appear on both the PO and Invoice.
Bulk Invoice selection: mass select invoices from a report or upload
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Set Up GL Accounts:
Regular Payables: Existing AP account: 2000-Accounts Payable
Floor Plan Payables: Create a new GL account: 2001-Floor Plan Payables
Is IntercompanyFloor Plan Vendor: Checked
Create a Test Vendor:
Name: "Factory Vendor" (Supplier of units)
Type: Vendor
Is Floor Plan Vendor: Checked
Default Payable GL Account: 2001-Floor Plan Payables
Create a Floor Plan Financing Company:
Name: "Floor Plan Company" (Financing entity)
Type: Vendor
Create a Product/Unit:
Name: "Test Unit A"
Item Type: Inventory Item
Serial Tracked: Enabled
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