Payments
I have a business who is both a customer and supplier and subsequently I have two cards in the card file for them. I have a sales invoice for $500 as well as a supplier invoice for $500. How do I tell MYOB that one invoice cancels out the other invoice, so that moneies techinically dont have to change hands. TIA
Hi Gem159
One way is to record a Pay Bills and a Receive Payment transactions 'as if' the funds did change hands. Don't use electronic payments for either and if you use the same bank account for both, and same date, the transactions can be offset against one another when doing reconciliation.
Regards
Gavin
