Prepayment Accounting

Hello,

I have define a Liability account on supplier, and want that account to be defaulted when I create a prepayment invoice for that supplier only, instead reserve for encumbrance account is getting credited. We have Budgetary control enabled too.

Regards,

Yousuf Pishori

Note:

Accouting Entries what we want at time of prepayment.

Prepayment acc    Dr

    Liability acc (defined on supplier)    Cr

Accounting Entries Being generated

Prpayment acc   Dr

   Reserve for encumbrance acc    Cr