Hi,
I have a supplier invoice that has been paid by one of my customers (I have to pay them back).
I raised a customer invoice to cover the amount.
I now have an unpaid supplier invoice and an outstanding customer invoice - how do I match them up ?
Any pointers greatly appreciated, Many Thanks x
I would post a supplier credit to suspense and a customer credit to the same place. Suspense would therefore balance out and you would have a credit on the customer to either repay or deduct from their next sales invoice.
I'm on a bit of a slow day, too cold I think :). If you credit everything then you start to understate sales and purchases. Personally I would do a receipt to the customer account through a contra account which should then balance the account or leave what's owing, for however much the supplier invoice was, and a payment to the supplier account for the same, which then balances that part of the supplier account, then it is as if you have received the money from the customer and paid the supplier with it, where as in reality you have missed out the middle man. As Clare states though it would be useful to know what package you are using, and I may look back on this in an hours time and wonder what I was on about, :)
Steve you and me both, not sure if it is the weather or my age If credits are posted through suspense then it should not have an impact sales or purchases. I have tried this way with various packages but......good to know what is being used.
Steve you and me both, not sure if it is the weather or my age If credits are posted through suspense then it should not have an impact sales or purchases. I have tried this way with various packages but......good to know what is being used.
Cheers
Sharon
By crikey I do believe you are right like I say a slow thinking day.
If credits are posted through suspense then it should not have an impact sales or purchases. I have tried this way with various packages but......good to know what is being used.
like I say a slow thinking day.
