Open purchase paid by different company

Question

Hello, there is likely a very simple answer to this but I'd like some advice please:

We move money between two separate companies consistently.

Company A has a credit card purchase open in MYOB for $1000

Company B pays the amount owing of $1000 directly to the credit card of Company A, which needs to be repaid.

How do I close the open purchase in Company A and allocate the amount of $1,000 owing to Company B?

Hope this makes sense!

genreve_s · Answer

Hi myob11,&nbsp;
&nbsp;
There's no specific feature in the software for transferring credit from one supplier to another since this is a rare situation. The best way to handle this is to record a refund for the first supplier and then create a new credit note for the second supplier. This will result in two transactions appearing on the bank account. Alternatively, you can use the same method used for customers on suppliers as described in this link.&nbsp;
&nbsp;
Regards,Genreve

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