Question asked by Michelle Underwood 9 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 answerFeel 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.
Thank you I'll give it a go! Many thanks
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.
A 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.
You must 