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Contra with third party - keeping the supplier invoice open
Not sure on the best way to input this. We have a supplier that we have created a sales invoice for as a warranty claim. They then send us a credit note invoice that will cover generally only part of...
Hi EM83,
Making sure both the GST treatment and the supplier credit are handled properly in your file definitely makes sense.
It's a bit of a tricky setup, and the best way to handle it will really depend on how you need the GST and the supplier credit to show in your accounts. Because of that, it’s a good idea to check in with your accountant or bookkeeper first so it’s reported the way you need. We do have this article you can look through as a starting point, but getting advice from your accountant would be the best next step.
Cheers,
Princess
