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Creditors Control account in current assets


#1

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?


#2

Hi @fanny159

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.


#3

Hi,

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.

Kind regards,
Chris


#4

Thanks Chris - will try it - that is really helpful thanks.


#5

Glad I could help :slight_smile: