The Advanced Creditors section is for use by Managed Print Services (photocopier) customers that have bill and collect arrangements with finance companies.
Essentially, the business collects payment from their customers. Once payment has been collected and cleared, the financed portion of that amount is paid via purchase order to the finance company.
This section is not something you will find any use for unless you are licensed for Managed Print Services.
Further information
Clear the Historical Balancing Account
Suggested End Of Month Procedures
Enter Government Support Payments
Enter Prepaid Expenses and Amortising Costs
Purchase a Capital Asset Under Finance
Record Debtors/Creditors Contras
ATO Reportable Sub-Contractor Payments
Share Utility Expenses with other Businesses
Understanding Debits and Credits
Use Debtors and Creditors Adjustments