Advance payment for multiple invoices for multiple accounts

[Donna Pfeifer]

Thanks, Maf!

That works fine and is simple enough for me to follow.

Thank you all for your help. I couldn't do it without you.

Donna



On Friday, July 11, 2014 12:34 PM, Maf. King <maf at chilwell.net> wrote:
 


On Fri 11 July 14 07:29:44 Donna Pfeifer wrote:
> The transfer account is where the money goes into and I believe I need a way
> to pull it out, right?
> 
> I could enter a negative amount in the pay invoice field but that seems like
> it would mess up accounts receivable.
> 

Hi,

This is all from memory, as I haven't got GC available today...

Deposit cheque into the bank and record it as a transfer from Asset:suspense

process payment for invoice 1, the money transfers between A/R & Suspense

repeat for invoice 2 (and again in the future, if there is an overpayment to 
carry forwards)

When all is done, A/R should have gone down by (say) £500, suspense should be 
0 and Bank needs to be up by (say) £500 

HTH,
Maf.


> 
> 
> On Friday, July 11, 2014 10:11 AM, Maf. King <maf at chilwell.net> wrote:
> 
> On Fri 11 July 14 06:59:44 Donna Pfeifer wrote:
> > Thank you for your responses.
> > 
> > Either way, how do you pay an invoice from an account? The "pay invoice"
> > pop up window just has a place to put in the check number. What settings
> > do you use? The defaults are "Post to Assets:Accounts Receivable" and
> > Transfer Account Checking".
> > 
> > Thanks,
> > Donna
> 
> Hi Donna,
> 
> Can't you change the "Transfer Account"?  you might have to make the
> suspense account of type asset.
> 
> Cheers,

> Maf.

-- 
Maf. King
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