I think we would call that a clearing account. Luke
On Wed, 10 Mar 2010, Iserv-appbox wrote: > 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 > ------------------------------------------------------------------------------ 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
