Solved
Matching sale and purchase to bank deposit
I have a customer & supplier with whom I have sales and purchases.
The customer/supplier pays me a net amount.
I can match a sale to the bank deposit. How can I match a purchase to the deposit to reconcile it?
For example:
Sale: $100
Purchase: $10
Bank deposit: $90.
I can match the $90 to the $100 sale but I can't seem to match the $10 purchase to finish it off.
Thanks
Hi GeoffSchmidt,
When you have the same customer as a supplier, you'll need to create a contra account to record both sales and purchases for that customer. This process will add a layer of complexity in recording. For detailed guidance, please read through this article.
Regards,
Genreve
