Prepaid HP Interest & Sage nominal code

Prepaid HP Interest & Sage nominal code

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Rec'd a TB today which details Prepaid HP interest and within the TB it has been listed towards the 'bottom' of the list where all the items are a type of creditor ie Directors Loan, Accruals etc.

Am comfortable with the concept of what it actually means but unsure of which area to put it in the Sage nominal code list please - just typing my question has made me think that it should be in 'Long Term Liabs' even though it has a debit bal as there are still 50 months to run on the agreement.

Would be pleased if anyone would concur with my thinking or let me know what I should do!

Many thanks.

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Euan's picture
By Euan MacLennan
15th Sep 2011 10:30

No responses?

You could try asking your question in the Sage 50 Accounts Discussion Group.

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