Down Payment Receivable control account?

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Hi All,

I was hoping someone could help clarify account determination for me.

Currently I have assigned a 'Down payments received clearing account' as a liability account. Is this correct?

Then If I click the accounts recevable "..." I am presented with the control account selection for "Open Debts" and "Down Payment receivables". I have selected this as "Trade Creditors Domestic".

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When taking DP invoice payments I can see that the DP payments received liability account is posted to correctly. When the DP Invoice payment gets applied to the AR invoice, the account is cleared as expected. I think this is correct.

I am however confused as to the control account determination. I dont see any postings made during this process. What should I see?

Many thanks.

John

Edited by: Jantzman on Jul 26, 2010 4:06 AM

Sorry... I clicked post before I as ready .. oops.