Skip to main content
September 26, 2019
Question

How to make a contra account between payables and receivables when the receivables are more than payables with a client who is a supplier and a customer too.

  • September 26, 2019
  • 1 reply
  • 0 views

Ex. receivable is -74,000 and payable is 145,000.

1 reply

Rustler
September 26, 2019

QBO just will not work that way

in QB,
receive the customer invoice and deposit to a cash type bank account

in pay bills, select the bill, select the cash type bank account as the payment source and pay the amount received
then change payment sources and pay the balance due the vendor