How do I offset 2 invoices? for the same company they are a supplier & customer

Question asked by Vanessa Newton 11 years ago

I am just learning clear books and would like to know how I can offset 2 or more invoices, for example

My supplier is also a customer, so rather than cash payments being made we offset and pay the difference, how can I do this?

Thank you

Vanessa

Contra
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2 Replies

Hi Vanessa

If you haven't already, you can edit the contact (within either Sales > Customers or Purchases > Suppliers) and under the preset information change them to a customer and supplier.

Then you can create a bank account and call it 'Contra' account. Settle the bill and invoice with this account and transfer the balance from the contra account to your business account or vice versa if you owe money.

Best answer
11 years ago

Thank you so much totally understand how to do it now.

Vanessa :)

11 years ago

Hi Vanessa

If you haven't already, you can edit the contact (within either Sales > Customers or Purchases > Suppliers) and under the preset information change them to a customer and supplier.

Then you can create a bank account and call it 'Contra' account. Settle the bill and invoice with this account and transfer the balance from the contra account to your business account or vice versa if you owe money.

Best answer
11 years ago

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