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July 15, 2020
Question

In advance payment, the postings should go to Accounts receivable account. Why is it going to different account?

  • July 15, 2020
  • 1 reply
  • 3 views
No text available

1 reply

Alok Shah
July 16, 2020

Its a different account created in chart of accounts. When you want to offset against the invoice you will need to pass a JV.

 

If you want the receipt to be under accounts receivable then in deposit entry account name should be accounts receivable and name should be of the customer.

 

Let me know if any issues.