How to create invoice for supplier to order for inventory items

Hi there, 

Since this is your first post in the Community. I'd like to give you a warm welcome. 

Based on what you've described, I recommend recording the transaction as barter trade. A barter transaction happens when you and your supplier exchange goods and services. To record the exchange, you’d enter an invoice and a invoice to record the products or services you’re exchanging. Here’s how.

Step 1: Set up the barter bank account

1. Go to Settings ⚙ then select Chart of Accounts.
2. Select New to create a new account.
3. Under the Account Type ▼ drop-down, select Bank.
4. Under the Detail Type ▼ drop-down, select Cash on hand.
5. Enter the account name. (ex. Barter Bank Account)
6. Select Save and Close.

Step 2: Create an invoice and receive payment

Important: Before entering your barter transaction, make sure you've added your barter partner as a supplier (for the bill) and customer (for the invoice). Since you can’t have the same name in both lists, make one of the names slightly different.

If your business operates on a cash basis, the invoice payment and bill payment should both be dated with the same date as the invoice or bill.

Create an invoice

1. Select the + New button.
2. Select Invoice.
3. From the Customer ▼ drop-down, select your supplier’s (barter partner) name.
4. Enter all the necessary information.
5. Select Save.

Receive payment for the invoice

1. Select the + New button.
2. Select Receive Payment.
3. From the Customer ▼ drop-down, select your supplier’s (barter partner) name.Note: The details and info from the invoice you’ve created earlier will appear under Outstanding Transactions.
4. Fill in the date and amount.
5. Select the Payment method ▼ drop-down, then Add new.
6. Enter “Barter” in the Name field, then select Save.
7. Select the Deposit to ▼ drop-down, then select your barter bank account.
8. Select Save and close.

Step 3: Enter and pay the bill

Create a bill

1. Select the + New button.
2. Select Bill.
3. From the Supplier ▼ drop-down, select your barter partner.
4. Enter all the necessary information.
5. Select Save.

Pay the bill

1. Select the + New button.
2. Select Pay Bills.
3. From the Payment account ▼ drop-down, select your barter bank account.
4. Select the bill you’ve created earlier.
5. Select Make payment under Balance Due.
6. Enter the amount.
7. Select Save and close.

You now have a record of the exchange. If the exchange of goods isn’t equal in value, the invoice or bill will show a balance due or credit. Give this a try and if you have questions, don't hesitate to reach out to our support team using this link here.