Overpayt to supplier eoy

[silverxx12]

Hi

I have a supplier i paid in advance so say in dec 2011 i paid him for two months instead of one month.

The result is that my AP is showing a negative figure for the overpayt. Now as this is eoy as well i believe i need to adjust the AP register to credit Ap and debit prepayments..

can someone confirm this is the correct adjustment ?

tia

 

[kirby]

Yup. that is the correct adjustment.