How to Set Up Prepayments and Accruals in Sage 50

Thomaslane19 Jul, 2022Business

With prepayments and accruals you can adjust your accounts for payments or invoices that you pay in advance or for payments you make in arrears. This ensures that you spread the amount you've paid or been invoiced for over the number of months to which the payment or invoice applies. Let's look at how to set up prepayments and accruals in Sage 50 .