Company who is a debtor and a creditor
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Annie_9717460
Member Posts: 6 ✭
Hi,
I have a company who is a foreign currency debtor as well as a foreign currency creditor. I have created two separate accounts in Reckon. They have paid as a debtor directly to Western Union and Western Union have offset these funds against monies owing as a creditor. Therefore leaving a net balance debited from our AUD bank account.
I really need a bit of help in trying to allocate the net balance in Reckon. Some guidance would be very much appreciated.
Many thanks
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Comments
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Agree with Kevin - "Clearing Accounts" work a treat
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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