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  • Year End Correction

    I have an adjusting entry from the accountant which is to clear an accounts payable account and purchase prepayment entry. If I do an invoice it goes to accounts payment what is the account I charge it to. Should it go to suspense but then how do I clear…

  • prepayment cannot be voided or cleared

    I have an issue where I am trying to clear a prepayment. The strange thing is that on the overdue list the balance shows as $1185, but when I open the actual prepayment it shows a different amount of $300. If I try void the prepayment I get an error…

  • How to balance prepayments in history??

    Background: This is the first year of business. The books are being transferred to Simply. I'm unable to proceed from history mode until I've balance the Prepayment account balance to the Pre-order/ Prepayment along with the Deposit account balance…

  • RE: Prepayment to vendor

    Here is a screenshot of how the Payment Window will look once you have chosen the Vendor you have recorded/booked a prepayment to: This is a screenshot of how the journal entry would look for the above entry: Hope this makes it clearer…

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