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Created by AgExpert Support
Created on May 14, 2018

Disqus Agexpert Accounting Questions Archive

What is the correct way to apply a prepaid fertilizer credit to a new fertilizer invoice? I have the prepaid credit in an asset account and want to enter each of these transactions correctly as the invoices come in this spring.

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Lou - to use your prepaid credit in your asset account, you can do a $0 transaction, and use A- to move the credit out of the asset account, and then an EX line towards the type of expense it should be entered as. I hope that helps.

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