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

Pam Anderson_8361863
Pam Anderson_8361863 Member Posts: 3 Novice Member Novice Member
edited October 2024 in Accounts Hosted
Supplier who is also a Customer

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  • Jacqui Allen
    Jacqui Allen Member Posts: 223 Reckoner Reckoner
    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 Brims_8302024
    Liz Brims_8302024 Member Posts: 4 Novice Member Novice Member
    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.
    Liz
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