How To Invoice Supplier

[MAS]

From time to time we have to send an invoice to our suppliers for things such as training vouchers, travel and other reimbursements and then they credit that amount to our account to be applied on our next purchase. What is the best way to clear the outstanding invoice in our system once the credit is applied from the supplier?

[Brucanna]

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Handling situation where customer is also supplier

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. [image] At the same time you have made a credit purchase of …