Supplier and Customer Accounting Query

shamil91 · December 2017

Hi All,

I hope you are well?

I have had a scenario where one of the supplier is also classed as customer to the business. The supplier provides flowers to the business but then from time to time the business will invite the supplier to have their stall during fayres to promote their flowers so now the business is classed as a customer. But I had been notified that they will not pay the stall fee however the business can deduct the amount owed to the supplier against their outstanding balance.

There is no Sales Invoice etc just an email, how would you record this on Sage 50?

Many thanks for all your help

Kind regards

Shamil

MarieNoelle · December 2017

Shamil

The business has supplied a service so a proper invoice should be raised and included in the turnover.
I am not familiar with Sage but this could be settled via a contra entry onto the supplier's account. No actual money need to be exchanged.

Clintm15 · December 2017

Seems like a simple contra journal to me.

DR purchase ledger control
CR rents receivable

On Sage, it should be - Modules > Nominal Ledger > Journal, or something like that.

shamil91 · December 2017

Hi Marie Noelle,

That is what I was planning on doing setting up an Invoice and contra it against the suppliers account.

Many thanks

Kind regards

Shamil

shamil91 · December 2017

Hi Clint M 15,

Thank you for your reply.

I was considering on raising an Invoice as Marie Noelle said but both methods do actually work.

Kind regards

Shamil

Clintm15 · December 2017

shamil91 said:
Hi Clint M 15,

Thank you for your reply.

I was considering on raising an Invoice as Marie Noelle said but both methods do actually work.

Kind regards

Shamil

Our methods are the same, it's just that I assumed the name of the income account.

shamil91 · December 2017

Hi Clintm 15

Thank you, your help and Marie's has been really good.

Kind regards

Shamil

Supplier and Customer Accounting Query

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