Hoping someone can help with this one. We have a supplier who have issued a credit note which means they owe us money.
They've sent a cheque to us which I have paid in to the bank, but how do I allocate it as a supplier payment in? There doesn't seem to be a way to do it. I can put it through as a bank receipt but than I can't tie it up with the suppliers credit note.
Is there any easy way to do this? I doubt it's often that a supplier ends up paying you but there must be the odd case where this happens?
What you can do is to post that cheque you received to the suspense account then raise an invoice on the supplier accout using the ref field for the cheque number and the description stating that this is for cheque sent in by supplier, and post that invoice to the suspense account also. This would clear the supplier account and also match up with the cheque received and banked. That should solve your problem.
Thanks, that works in that it makes the supplier account appear to be £0, but if I was to print off an aged creditors list, the individual invoices and credits still show.
But if that is the only way then so be it. Cheers for the info.
