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How to process prepayment accounts opening balance in business central

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Posted on by Basem Ibrahim

Dear All,

Hope all are well.

I'd like to ask you how I can process the prepayment accounts opening balance in business central. with the prepayment accounts I need to determine the vendors that belong the prepayment.

Note, I use the GL Account called 999999 Opening Balance to be the offsite account for all transactions.

If there are any solution or best practice, I'll will grateful for you.

Thanks

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Basem Ibrahim 69 on at

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RE: How to process prepayment accounts opening balance in business central

Thank you for response,

but I can't get your point, can you discuss it in details.

Kind Regards,
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Inge M. Bruvik 32,748 Super User 2024 Season 1 on at

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RE: How to process prepayment accounts opening balance in business central

Then you can post them to a journal where you use vendor as account type and vendor no. as the account np. for your debit transaction and the G/L account as the account type and account no. for the credit transaction.

But you should do that for all open vendor ledgers and not only the prepayments.

And make sure to use the same offset account when you post opening balance for the G/L representation of the prepayments / vendor ledgers.