Advance payment refers to the money received in advance before the delivery of goods or the corresponding money received before the provision of services. The debit of prepaid payment indicates the receivable payment and overpayment, that is, the decrease of prepaid payment. The lender reflects the advance payment and additional payment, that is, the advance payment increases. For example, when an enterprise receives an advance payment, the accounting entries are:

Debit: bank deposit,

Loan: accounts received in advance -XX Company.