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Gem159's avatar
Gem159
Experienced Cover User
2 years ago

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 t...
  • gavin12345's avatar
    gavin12345
    2 years ago

    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

gavin12345's avatar
gavin12345
Ultimate User
2 years ago

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

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