here in Argentina is very usual to use checks for payments.
For instance a supplier give you 60 items for a total value of $60.000, and you give them 3 checks each for value of $20.000 for 30/60/90 days.
I would like how to use Manager to do that. I think I am using wrong.
- I create a purchase invoice with the inventory items that we buy. This add a $60.000 to Bills to pay in the liability. (I already created the inventory items)
- I add a inventory item called checks, so after 30 days I go to my cash account and use the Spend Money function, so I spend $20.000 on the item “check”. And do the same after 60 and 90 days.
Is there another way to use checks in Manager?
To have in mind: our business is a clothing retail so we have a loooot of inventory items.