Why are Prepayment accounts, from the AR and AP Account Sets included together with the respective control accounts in the AR and AP RecIT!© modules?
The Prepayment account is included because despite whatever type of payment is made (AP) or received (AR) the Creditors List or the Debtors lists gets updated with that amount. However when a prepayment is made or received, the respective lists does get updated accordingly, but may be posted of to a different account in the GL and at the time that GL account may be different to the defined control account in the Account set/s.
