Advance payment account code interchanged- prepayment (customer,supplier)

From AP they are entering invoice as advance and the enduser is executing programs...here the issue is accountant saying prepayment account "Advance received from customers" should be there.but mistakenly system configured as "Prepayments- Advances"......Which configuration i should alter at the back end to change this...pls help me...

Dear Dina,
Thanks a lot 4 ur reply.yes v r using events in Projects Billing, where the event type is Advances.Version is 12.0.4
To work on the issue i changed the AA Lookup sets(Event Revenue from Event Type) segment value for advance from "prepayment advances"(Asset) TO "advance received from customer"(Liability).I m not understanding whether this works out.Further i checked n GL value
advance received from customer put under Liability
Retention deducted from customer had put under Liability
Prepayment-advances put under Asset....is that rite?
Further accountant entering advance events value in billing as negative value...(Has it be positive value?)
Pls clarify me where the flaw..
Thanks a lot in advance
Edited by: prety on Apr 20, 2010 12:04 AM
Edited by: prety on Apr 20, 2010 12:17 AM

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Advance payment account code interchanged- prepayment (customer,supplier)

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