Can you offset an invoice against a bill for the same sub contractor

Hi @info1018,

I'll take care of your query on how to offset an invoice against a bill for a subcontractor. Although there isn't a direct way to do this in QuickBooks Online (QBO), I can share a workaround for you. 

You'll need to create a bank account, and name it Clearing account, or whichever name you prefer. 

Here's how:

1. Highlight the Accounting tab.
2. Select Chart of Accounts. 
3. Tap the New button.
4. Set the Account Type to Cash at bank and in hand, and the Detail Type to Cash on hand.
5. Enter the name you prefer for the account.
6. Leave the Balance as blank.
7. When done, hit Save and Close.

You can then proceed to process the invoice as normal. Only this time, deposit the payment to the clearing account you created above. Right after, you can create a bill, and record a payment for it. Ensure that the bank account you selected is the clearing account as well. 

Following the workaround above, you can offset the amount you received on your invoices to the bills of the same subcontractor. 

I'll be around in case you need further assistance. Drop me a comment below, and I'll get back to you.