Bills and invoicing

Mk2022

I have a large amount of invoices from a supplier, I also have some bills from the same supplier.

 

how do I apply these bills owing to this supplier to their open invoices.  

Steven_M

Hi @Mk2022 

 

Here is the way I would deal with that situation:

 

1. Go to Accounting>>Chart of accounts
2. Select to create an account - give the account a number, a name, and set the account type to Bank...
3. Once that account has been created, you would go to Sales>>Create invoice payment
4. Select that newly created account as the bank account and process the payments for those invoices as per normal.
5. Once you have recorded those payments, go to Purchases>>Create supplier payment
6. Select that newly created account as the bank account and process the payments for those invoices as per normal.

The above process will put the funds from those invoices into a holding account and then use those funds again to pay off the purchases.