Question for the accounting gurus that are doing vendor prepayments, is it possible to choose more than one prepayment account besides the default prepayment account that is setup in the accounting preferences? Would we need to do a journal entry if we need to choose a different account?

Custom GL lines? But is it really that important to use other prepayment account?

You can have different vendor prepayment account by Subsidiary if that helps.

Thanks for your help. We only have one subsidiary and it was a question asked by our finance team if it was possible to select another account when needed.

you can manually change it when entering the transaction though

It is disabled since you cannot edit it. I made a user event script to make the field normal but only the default account that is set on the accounting preferences is the choice you can select

interesting, I wonder why this is so rigid...

we've encountered this issue but thankfully, in 2021.1 there is an enhancement that allows you to set a prepayment account at the Vendor level 🙂

@blue thanks for letting me know. I just reviewed the release notes and saw it on there. My VP will be pleased with this update

Has anyone tried using it in Release Preview successfully and been able to change the prepayment account?

@Terry I have only been able to change the other payment accounts. The prepayment account I have not been able to change it successfully as it is greyed out and we cannot enable. it on the form level. Based on the release notes we should be able to change it on the Vendor level if needed. I am going to test again this week since our upgrade is scheduled for this Saturday morning. Edit: Never mind i just read the release notes they only added the option to select a default payment account not a prepayment account. The prepayment account cannot be changed