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Thread: How do you offset debtors against creditors and visa versa in pastel?

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    How do you offset debtors against creditors and visa versa in pastel?

    Good morning,


    I am working on Pastel Partner. I have companies that are both a supplier (creditor) and customer (debtor)? I would like to offset / contra / move the creditor's balance to the debtor and visa versa.

    Please assist on how you do this?

    Your assistance will be greatly appreciate!

    Many thanks!

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    Platinum Member Neville Bailey's Avatar
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    The process involves two steps.

    Firstly, create a suspense account in the balance sheet.

    If, for example, you want to move a debit balance from a debtor account to offset against the creditor account, you first need to process a customer journal to credit the debtor and use the suspense account as the contra account. Then process a supplier journal, debiting the creditor with the amount and using the same suspense account as the contra.
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