I have a problem with posting transaction.
On 1/3/18 I paid £300 in advance for some products what I received 15/3/18.
On that day (15/3/18) I received invoice for £1200 but already paid £300, so now I have to pay £900.

How to post this transaction in Sage 50
I made bank payment with prepayment n/c 1103 £300
Don’t know how to allocate invoice for supplier, £1200 if already paid £330.

Can anyone help please


  • fournaanjezfournaanjez Registered Posts: 32
    I would say post the full invoice amount to the supplier account and then post a journal moving the £300 prepayment from prepayments to receivables, reducing it's value down to £900.

    Hope this helps.
  • readerreader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,016
    Post the 1,200 invoice
    DR Expense 1,200
    CR Trade creditors 1,200

    And pay off the supplier
    DR Trade creditor 300
    CR Bank 300

    DR Trade creditor 900
    CR Bank 900
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