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WindsorGardens
October 10, 2022
Solved

Can I use a credit balance on one supplier against a debt on another (their payments are made to the same parent group)?

  • October 10, 2022
  • 1 reply
  • 0 views
The companies were bought out by the same parent. I receive invoices from the original companies, but payment is made to the parent and I have the same customer account number with both.
Best answer by WindsorGardens

Thanks Ashleigh, I hadn’t thought of doing that. 

1 reply

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Ashleigh1
October 10, 2022

Hello WindsorGardens, 

 

Welcome to the Community page, 

 

It is not possible to do this in QuickBooks, as you can't apply the payment from a certain supplier to a different one. However you could use a journal entry to move the credit balance over to the other supplier. You would select the journal when making the payment for the bill. If you are not sure how to do the journal we would advise you speak to an accountant who will be able to advise you on what to enter in. 

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WindsorGardensAuthorAnswer
October 10, 2022

Thanks Ashleigh, I hadn’t thought of doing that. 

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