I have a client who’s a supplier as well.
Many times I need to calculate the difference of what I owe to him with what he owes to me.
I.e. I have a sales invoice for him 100euro but I owe him 40euro. Is there a way to have a client and a supplier account to be the same?
If you read the following Guide it describes the process involved
If you have a customer who is also a supplier, you may want to offset the outstanding customer and supplier invoices. This is known as a contra entry.
In Manager, all sales invoices are sub-accounts of Accounts receivable while purchase invoices are sub-accounts of Accounts payable. This means you can easily credit sales invoices and debit purchase invoices using journal entries.
For example, you have a customer who owes you 1,000.
At the same time you have made a credit purchase of …
Many thanks for your help.
I search for it before I open the topic but obviously not enough