How to record money "temporarily loaned" to a club or business

[L. D. James]

I have occasions at times when someone in an organization will pay for 
products or services so that the products can immediately be delivered.  
However, they would like for the invoice to remain open until the 
company pays.  Then when the company pays, they will be giving back the 
money they put in to have the goods delivered.

I can imagine it might be similar to a sole proprietor loaning money to 
his business and paying an invoice, and when the money comes into the 
business, the invoice will be paid, but the funds will go to his person.

I'm trying to describe something, but don't have the precise wording.

The main thing is that the invoice stays in the books as unpaid. Then 
when the invoice is paid, the money goes to the person who paid to 
ensure timely delivery of the product of services.

The problem is, if the invoice was marked paid the company wouldn't have 
any outstanding invoice to pay.  The benefactor doesn't mind being 
written in the books, but not as directly paying the invoice, but of 
course having a record of where the money actually went so that the 
particular funds in that item/instance will be returned specifically 
when that particular item's invoice is paid... and no other item or invoice.

Thanks in advance for any input on this.

-- L. James

-- 
L. D. James
ljames at apollo3.com
www.apollo3.com/~ljames