Vendor & customer same person

[Michael McKay]

Hi Colin,

I use a clearing account to transfer payments from Accounts Payable to
Accounts Receivable.  When you do work for the vendor, you bill the vendor
and receive payment from the clearing account, marking the bill paid.  You
then pay the equivalent amount to a suitable invoice on the vendor's
account.  The clearing account should show a zero balance, no cash has
changed hands and your customer and vendor records should be correct.

Yours,

Michael McKay
MJM Consulting
613.724.8169


-----Original Message-----
From: gnucash-user-bounces at gnucash.org
[mailto:gnucash-user-bounces at gnucash.org] On Behalf Of Colin
Sent: May-31-09 12:55 PM
To: gnucash-user at gnucash.org
Subject: Vendor & customer same person

Hi,

I have a vendor for whom I occasionally perform some tasks. However usually
I owe him for the services he provides.

I would like to simply reduce the accounts payable for his account and see
the outstanding amount when I have performed a task, but at the moment,
Gnucash separates the vendor accounts and customer accounts and also doesn't
allow the posting of a negative amount in a bill, so how do I handle that
situation?

regards,
Colin.

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