Skip to main content
T
Tom M3
November 9, 2021
Solved

All supplier transactions are automatically posting to creditors on the BS including intercompany transactions. How can I amend the set up of a supplier to ensure a transaction posts to an intercompany supplier account or to a third party creditor ac

  • November 9, 2021
  • 1 reply
  • 0 views

All supplier transactions are automatically posting to creditors on the BS including intercompany transactions. How can I amend the set up of a supplier to ensure a transaction posts to an intercompany supplier account or to a third party creditor account?

Best answer by Ashleigh1

Hi Tom, the system is designed to post open supplier transactions (such as bills) against the default creditors' account. You can select any account type on the 'category details' line of an expense bill. 

1 reply

S
ShiellaGraceA
November 9, 2021

Hi there, @Tom M3.

 

Thanks for reaching out to us. I have some information about amending suppliers. In QuickBooks Online, you can only use one default A/P account for your suppliers. This will be the account where you can post automatically your supplier's transactions. Thus, you'll have the option to select a default expense account for a specific supplier.

 

Here's how:

  1. Go to Expenses and then select the Suppliers tab.
  2. Tap the supplier you want to amend, then Edit.
  3. Scroll down towards the Default expense account section. Then, look for the intercompany supplier account. If you're unable to see it, select the +Add new to create it.
  4. Click Save. See the image below.

 

 

 

 

For more tips and guides in managing suppliers, check out this link: Expenses and suppliers.

 

Let me know if you still have questions or concerns with suppliers' or creditors' accounts. I'll be around for you. Take care and have a wonderful day ahead.

T
Tom M3Author
November 10, 2021

Many thanks for your assistance. When I go into the default expense account area this only gives the option to select expense accounts from the P&L. The intercompany invoice relates to stock purchases. When an invoice is raised the system is automatically posting the invoice to stock and against that vendor. As such there is no P&L account that is relevant to select. How do I ensure that the vendor for the intercompany points to an intercompany account and not trade creditors?

A
Ashleigh1Answer
November 10, 2021

Hi Tom, the system is designed to post open supplier transactions (such as bills) against the default creditors' account. You can select any account type on the 'category details' line of an expense bill. 

Terms & ConditionsAccessibility statement