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Record a Prepayment

Writer's picture: EH LimEH Lim

If you’re not using items, then recording a prepayment is easy. Prepayment is not an income nor expense but a current asset, a balance sheet account. Enter a payment, select your supplier and the bank, enter the date and amount, and use prepayment as your balancing account. Okay, save it.



Prepayment

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