Supplier Credit Question

[Des Dougan]

I have entered a credit for returned equipment in the Payables  
register, with my Expenses:Computer Hardware account as the transfer  
account. So far so good; however, if I now go to pay another invoice  
from the same supplier, in this case I don't want to actually transfer  
funds from my chequing account, as there is enough in the credit at  
the vendor to meet the outstanding bill - so how should I deal with  
this situation? Should I set up an asset account for the vendor credit  
and draw it down? What would happen if some was coming from there but  
the remainder from chequing?

Thanks for any ideas!

Regards,

Des
--

Des Dougan
Principal
Dougan Consulting Group Inc.

Office:		604-628-5434
Cell:   	604-866-2848
Email:  	des at DouganConsulting dot com

         www.DouganConsulting.com

Peace of Mind, One Computer at a Time.