Payment in advance - Supplier

Question

Does anyone know how to configure Sage50 book PA - Payment in advance (Supplier) go to Supplier Deposit ( Asset ) instead Trade Supplier ( Liability )? Thanks

Andy Rickeard · Answer

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

Sage 50 Accounts

Payment in advance - Supplier

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