Forum Discussion
Hutchsion
Cover User
Hi Steven,
yes exactly. They are both a supplier and a customer. I think I need to create a supplier return?
Steven_M
3 years agoFormer Staff
Hi Hutchsion
In short, you want to create a holding account and use that account for the supplier and customer payment. Below are the full way to deal with that situation:
- Navigate to Accounting>>Chart of accounts.
- Select Create account and generate a holding bank account.
- Once that account has been created, go to Purchases>>Create supplier payment
- Enter the payment as you would normally for those purchases but with the Bank account being set to be that holding account
- Complete a similar thing to the supplier payment but with Sales>>Create customer payment. Ensure that the customer is selected and that the holding account is the bank account used.
What the above process would do is take funds from the holding account with that supplier payment and then add those funds back in when you do the customer payment. No money is exchanging hands but will close the allocated purchases/sales when processed.