How to categorise advance payments on account?

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Prepayments and credits

Introduction From time to time you may want to assign a prepayment or credit to a client or supplier, without actually allocating it to an invoice. In this guide we will look at how you can assign a credit, hold it on account and assign to an invoice later. In the following example we will look at assigning a client credit. The same principle applies for supplier credits. Adding a New Prepayment From scratch Let's start by locating the client whom you wish to assign the credit to, you can do a …