On my chart of accounts the Cred Con Acct is numbered 2100 and appears in my Current Assets. Should it not appear in Liabilities? How do I move it please?
The chart of accounts would only show you the data between the two dates specified (often the latest accounting year, unless changed). If you have received a credit note for example during this period, it may affect your balances in this way.
I have actually this issue quite a lot. If you go into purchases > view suppliers. Then click the orange button saying advanced search, you should see a tick box stating “prepayments”. Click this then submit search.
This should add a column into the table below. If you click the arrows next to this then it should show you a list of all the prepayments made. This is what is causing the issue.
You need to create invoices to match off against all the unallocated payments.
I hope this helps but please drop me a message if you need any more help.
Thanks Chris - will try it - that is really helpful thanks.
Glad I could help