“prepayment vouchers”

We are trying to use the “prepayment vouchers” to account for wire transfer that we send to one of our vendors.   At the time we send wire we do not know the exact amount of the expense.   We receive the actual invoice at the end of every month.

In the test environment we setup:

      1)      Prepay version of P04105

2)      Prepaid Expense Acct.

3)      PREP A.A.I.

 

All transaction work fine until the actual expense needs to be vouchered, booked and the prepaid expense eliminated.

 

The entry we trying to achieve is:

1)      Credit Prepaid Expense

2)      Debit Expense for actual amount

3)      Place/leave the difference in A/P not the bank acct.