Hi Deyvis,

Thanks for using Sage City.

If you're using Sage 50 Accounts, a payment on account made to a supplier would, by default, credit your bank account and debit the Creditors Control Account, normally code 2100. You could move the value to a different nominal code using journals but we wouldn't recommend posting manual journals that affect the Creditors control Account.

Regards,

Andy
Sage UKI

Hello Andy. Thanks for your answer. In accounting Payment in advance should go to Asset Account not Liability. On Balance Sheet should that amount appears as Asset ( Debit balance ). Ageing and creditors balance amounts should be the results of two accounts. As well should happen with trade debtors ( payment in advance with customers ) liability BS side.

Hello Andy. Thanks for your answer. In accounting Payment in advance should go to Asset Account not Liability. On Balance Sheet should that amount appears as Asset ( Debit balance ). Ageing and creditors balance amounts should be the results of two accounts. As well should happen with trade debtors ( payment in advance with customers ) liability BS side.

Thanks for coming back. Sage 50 Accounts has always recorded a payment on account to a supplier as a credit to the Bank Account and debit to the Creditors Control Account. I'll leave this thread open though in case the community can share a different approach or set of postings that might achieve what you require.