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Thread: Credit Customer & Debit Supplier

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    Credit Customer & Debit Supplier

    Hi there, I am new here but I hope someone will be kind enough to help... Using Pastel Xpress V14.
    I have a customer that owes us money, but he is also a supplier and we owe him money. Is it possible to credit the customer & debit the supplier in a journal?
    What contra account do I use? The customer's invoice is to our sales (2000/001), and the supplier invoice is for motor vehicle repairs (4350/007).
    Thank you in advance!
    Donna

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    Diamond Member Neville Bailey's Avatar
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    You will need to process two journals.

    Process a customer journal, crediting the customer and debiting a suspense account in the Contra column.

    Then process a supplier journal, debiting the supplier and crediting the same suspense account in the Contra column.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    neville@accountingsoftwaresupport.co.za
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    IronTree Online Solutions
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    "Give every person more in use value than you take from them in cash value."
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    Thank you Neville.

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