Advance Payments
· Vendor / customer advances & director prepayments on behalf of the pool
Vendor advance: Dr 1020 Vendor Advance / Cr Bank. Knock off against a bill to clear AP and the advance account.
| Date | Reference | Vendor | Advance A/C | Amount | Remaining | State | |
|---|---|---|---|---|---|---|---|
| No vendor advances yet. | |||||||
How to knock off: Open a Vendor Bill for the same vendor. If they have an advance on file, an Available Advances section will appear at the bottom of the bill/invoice — click Apply to knock off.