I have a supplier holding a deposit for a utility service which I have entered under ‘supplier credits’.
However, on the summary sheet, the entry for ‘Supplier Credits’ listed under ‘Other Assets’ is left zero, and there is a negative entry for this amount for the entry ‘Suspense’ listed under ‘Equity’. I understand ‘Suspense’ captures unbalanced entries . . . but something doesn’t seem right here. I updated Manager this morning, and see the same behavior.
Does anyone know if this is correct?