Prepayments to Creditors
LyndaSurg
Member Posts: 1 Novice Member
We make payments on purchase orders when we order stock, quite often from overseas. I need to be able to have it so a creditor shows a credit balance from a payment made which will then offset with the invoice when the goods are received.
I use bank data so need to be able to process it through there.
Thank you
0
Comments
-
Not sure about bank data as I don't use that but I would use a "Write Cheque" & post to your Accounts Payable account (no tax code - GST is only applicable upon receipt of the Bill/goods, not on pre-payments)
This will create a credit in the A/P for this supplier which can be allocated to the Bill when you receive it.
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
1
Categories
- All Categories
- 6.7K Accounts Hosted
- 16 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 8 📢 Reckon Accounts Desktop - Announcements
- 1.5K Reckon Payroll
- 38 📢 Reckon Payroll - Announcements
- 15 Reckon Payroll Help Videos 🎥
- 28 Reckon Mate App
- 2.7K Reckon One
- 13 📢 Reckon One - Announcements
- 12 Reckon Invoices App
- 23 Reckon Insights
- 99 Reckon API
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 70 About Reckon Community