Contra between Supplier & Customer
Have a Supplier who is now also a Customer. How in Advanced do I offset the payment received from the Supplier with the open Customer invoice? I have a contra general ledger account setup and we us...
Forum Discussion
Hi LisaMT ,
I believe you shouldn't need a contra account if you're using MYOB Advanced Business.
Both Suppliers & Customers are keyed off Business Accounts, you should be able to use the Business Accounts form CR303000 to extend an account to being both a customer and a vendor.
This might mean you need to do something to delete/merge your existing account.
Full help should be in product, I've pulled this infromation from the basic Acumatica documentation here: https://help.acumatica.com/(W(203))/Wiki/ShowWiki.aspx?pageid=f1222a9d-c179-40eb-8037-4eb238ececc3
Sorry I don't personally know much about the process for merging accounts in Advanced, that's never been an area I've gotten a lot of experience with. Hopefully the above helps get your started though.
