IMHO the common solution for this kind of problems is to use a "internal transfers" account. (I'm not sure if I use the correct term. In Dutch we call this "kruisposten".)
When paying in advance you book: checking account: Credit internal transfers: Debet If you connect the internal transfers account with AR_paid, AP_paid, you can "pay" the real invoice using the internal transfers account as a pseudo checking account. Marjan Waldorp, tux4u.nl Joseph wrote: > On 03/09/10 14:15, Chris Travers wrote: >> On Tue, Mar 9, 2010 at 11:32 AM, Joseph <[email protected]> wrote: >>> How to handle correclty pre-paid inventory? >>> >> Can you be more specific? What do you mean "pre-paid?" >> >> Best Wishes, >> Chris Travers > > What I mean is you pay for supplies/goods first before you receive them. > Eg. Supplier sends me "proforma invoice" and I pay it but I don't receive the > goods till maybe after two months; meantime I have to reconcile the bank > statement. > ------------------------------------------------------------------------------ Download Intel® Parallel Studio Eval Try the new software tools for yourself. Speed compiling, find bugs proactively, and fine-tune applications for parallel performance. See why Intel Parallel Studio got high marks during beta. http://p.sf.net/sfu/intel-sw-dev _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
