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Shazzy's avatar
Shazzy
Experienced Cover User
2 years ago

Credit on materials

Hi,

We have been doing a large job where our customer has purchased the materials himself.  There is left over materials which we are purchasing back from him.

I have invoice him for work carried out and I would like to credit the amount to this invoice to purchase back the left over materials.

 

How do I enter this into the invoice to show the credit as us purchasing the material.

 

Thank you

Shazzy

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  • SamaraM's avatar
    SamaraM
    Former Staff
    2 years ago

    Hi Shazzy (Shazzy)

     

    Thank you for your post. There are 2 options you can do in this situation:

    1. Set up two contact records for them: one as a supplier and one as a customer. Then record the sales as normal, then record a purchase for the materials.
    2. Offset your outstanding customer and supplier invoices by recording a contra payment, this way your customer can pay only the difference, but the full amounts are being recorded correctly for GST purposes.


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