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Thread: Using Journal to Balance Supplier account

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    Smile Using Journal to Balance Supplier account

    So, I am having trouble getting my brain round something as Journals generally confound me. Hope someone out there can advise me, please?
    In brief, at the company I currently work at, sales invoices are raised in a separate software package and, once analysed into categories, I journal the totals into Pastel, crediting the GL Sales category account and debiting the Customer Payment Control Account. One of the clients is also a supplier and I want to offset the purchases on the Supplier account instead of receiving payment. Can I do this through Supplier Journal, crediting the GL Sales category and debiting the Supplier Account?
    Look forward to any useful advice please

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    Site Caretaker Dave A's Avatar
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    Rather use an account (balance sheet) dedicated to processing contras.

    In Quickbooks I use a bank account type - in Pastel I believe the equivalent is a cashbook?
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    Platinum Member Mike C's Avatar
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    Hi Annigoldsa. If you are have the client listed under Customer account and again under Supplier account, your journal would have to credit the customer account and then debit the supplier account.

    If you are only using the Supplier Account and GL Sales, then it should work the way you have set it out in your post.

    Remember that you can always make a backup before you do the entry. Then, once you have done the entry and perhaps find that it did not work as expected, you can restore from your backup to "undo" your entry.
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    Many thanks, everyone. Some useful info.

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