Dealing with a vendor who is also a customer

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Glossary

Sales > Dealing with a vendor who is also a customer

Dealing with a vendor who is also a customer

If your business sells goods and services to a business from which you also make purchases, you need to record the transactions using a separate customer and vendor card. You can then record a contra payment to offset the receivable and payable amounts.

Before you can record contra payments, you need to create a bank account called Contra Suspense. For information about creating accounts, see Set up accounts.

To record contra payments

■	Receiving payments

■	Paying bills

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