Allocating a customer invoice payment from an internal bank account

Danni_9741266
Danni_9741266 Member Posts: 7
Hi - I have a 'security' bank account held in the name of customer/s.  One of the customers wants me to use the funds held on their behalf in that account to pay their outstanding invoice.  How do I process this transaction.  I can only transfer from that account to another account in the ledger but does not allow me to allocate it to a specific invoice.

Comments

  • Danni_9741266
    Danni_9741266 Member Posts: 7
    edited August 2019
    Hi Kevin  - thanks for the suggestion.  The transferring of funds isn't actually a problem.  The customer's money is already in the security account and they would like me to use it to pay their outstanding invoice. There is nothing to 'receive' as such. The problem is, I don't know how to allocate the funds in that account against a specific invoice to record it as being paid.
  • glendaveale
    glendaveale Member Posts: 176 ✭✭
    edited November 2018
    Are you able to choose that bank account from the drop down box when paying the invoice?  If not transfer the funds to your trading account (journal entry only) and then pay from that account.