I want to pay a supplier who is also a custer. How do I offset what he owes us against what we owe

Pam AndersonPam Anderson Member Posts: 3
edited July 2017 in Accounts Hosted
Supplier who is also a Customer


  • Jacqui AllenJacqui Allen Member Posts: 243
    edited June 2017
    Create a contra clearing bank, receipt the payment for the invoice and deposit to the clearing account then use this to pay the bill and or write a cheque. when you've finished the clearing account should be NIL

  • Liz BrimsLiz Brims Member Posts: 5
    edited June 2017
    Hi Pam,
    I agree with Jacqui.  A clearing account should sort it out.  The balance always needs to come back to zero in the clearing account.
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