Construction
Subcontractor Advance Payment
Paying a specialist subcontractor an advance to mobilize and procure materials.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Advances to Subcontractors | Asset (+) | 30,000.00 | - |
| Cash in Bank | Asset (-) | - | 30,000.00 |
💡 Accountant's Note
Subcontractor advances are assets until the work is performed. They are recovered by deducting from future payment certificates — similar to how client advances are recovered.
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