T&M Project prepayment using on account transactions - what is the best way to offset such transactions?

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Posted on by Kumar_Sat

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Hi gurus,

I am looking for assistance related to the above where I have created an advance payment using the prepayment journal voucher. What is the best way to offset the posting to the WIP - Invoiced On Account posting? I understand that we can have a -ve transaction to offset but I am looking for something else like system driven process to offset the on account transaction.

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André Arnaud de Cal... 301,035 Super User 2025 Season 2 on at

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Hi Satyendra,

Like you mentioned, you can use a negative on-account transaction as offset. Can you elaborate on "something else like system driven process"? What exactly is your business process and requirement?

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