Parent supplier

Joanna_9508589

Wondering if Reckon Enterprise has the "Parent" functionality?

Rustees

Hi all,

We have the situation where in the past we would pay our suppliers individually. Now we have been forced to pay one supplier, a parent, to all of the group of suppliers we used to pay individually. Is there a way in Reckon Accounts Premier 2016, where we could assign the one supplier as a parent to the children suppliers, make a payment to the parent, and have the balances owing to the children updated automatically from the payment to the parent? Can this also take into account any credit balances where a child has issued credit notes in the total combined payment?

Many thanks and regards

Rustees

Acctd4

Unfortunately not @Rustees - The only other partial workaround (which is really more for simplifying the Bank Rec process) would be to Pay Bills for all the individual Suppliers (altogether) out of a dummy (aka "Clearing") bank account, then enter a single Write Chq from the main account posting to this Clearing account, to represent that single payment in the Bank account register.