Question asked by Michelle Underwood 8 years ago
Good morning, I am trying to post the following journal but I am unsure of the best way to go about it. If anyone can help that would be great! Many thanks
I need to DEBIT a supplier account and CREDIT a loan account but I can see how to debit a specific supllier?
Unless they've used Clear Books much i'm afraid they probably won't 'get it' [it's quite different to the old fashioned systems such as Sage etc].
The loan a/c you've already got, does it have a balance? If not, just ignore it, setup a new loan a/c as a bank account and do as I said above. If the other loan a/c DOES already have a balance, i'd still follow the above but additionally i'd journal the loan balance across from the old a/c to the new loan a/c you're now going to create.
Hope that makes sense!
Best answerA journal won't work for that i'm afraid.
Have you created a bill in the name of the supplier? And have you setup the loan account as a bank account? If so, pay the bill off using the loan account, job done.
Hi thank you, there is a bill in the supplier's name. Our loan account is not set as a bank account I'm trying follow our accountants instructions on how to process but they are not too sure on the clearbooks part.
Unless they've used Clear Books much i'm afraid they probably won't 'get it' [it's quite different to the old fashioned systems such as Sage etc].
The loan a/c you've already got, does it have a balance? If not, just ignore it, setup a new loan a/c as a bank account and do as I said above. If the other loan a/c DOES already have a balance, i'd still follow the above but additionally i'd journal the loan balance across from the old a/c to the new loan a/c you're now going to create.
Hope that makes sense!
Best answerThank you I'll give it a go! Many thanks
Feel free to re-post if you're struggling or worst case drop me a line on 02476 980440 and i'll quickly talk you through it.
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