Dealing with a supplier who is also a customer

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Dealing with a supplier who is also a customer Accounting for bad debts Progress Billing

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Sales > Dealing with a supplier who is also a customer

Dealing with a supplier 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 supplier 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 more information, see ‘Set up accounts’ on page 23.

To record contra payments

■	Receiving payments

■	Paying suppliers

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