What is the prepaid fee at the beginning of a property project?

Advance payment refers to the transaction between A and B, and B needs to pay A a sum of money, but this money can be paid by A himself and then returned to B. This money is called advance payment.

Knowledge expands the similarities and differences between accounts receivable and prepayments;

Accounts receivable and prepayments are similar in nature, indicating that funds may flow back to our company in the future.

The difference is that the scope of receivables is much larger than that of prepayments.

Accounts receivable refer to the money that has not been recovered from the sale of assets and the money paid in advance for customers for the sale of assets (including purchasing and selling). Advance payment is the second half of the above receivables, and the scope is small.