Company who is a debtor and a creditor

Annie
Annie Member Posts: 6
edited September 2019 in Reckon Accounts (Desktop)

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

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 2,152 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited December 2018
    Agree with Kevin - "Clearing Accounts" work a treat :)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

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