customer is also a vendor

I read a posting further down in this forum and I think it's the same problem.

Thanks anyway.

When you have a customer who is also a vendor, this is what you can do:

Name your customer Acme Markets (c) and your vendor Acme Markets (v).

Then, create invoices and enter bills as usual.

Create a bank type account called Barter Account.

This is merely a wash account. (You will need to be sure that it zeroes out.) To do this, analyze Acme Market. . .and only pay or receive the amount which will zero out either a/p or a/r. Whatever is left in your a/p or a/r is what you owe Acme Markets or what Acme Markets owes you. . .

Pay the bills from Acme Markets (v) using the Barter Account. For better reporting, you will want to pay one bill at a time. Enter the bill number as the check number. If you aren't looking for a detailed report later, you could enter the lump sum and apply to multiple unpaid bills.

Receive payments against the invoices to Acme Markets (c), depositing into the Barter Account. For better reporting, you will want to receive one at a time. For the reference number, enter the invoice number that you are hitting. If you aren't looking for a detailed report later, you could enter the lump sum and apply to all open invoices. (You have do make sure that you don't have your preferences set to 'automatically depostit to undeposited funds')

This will give you what you need as far as 'washing' the payables with the receivables for Acme Markets.

For a report, run a quick report on the Barter account. Filter by names(s), if necessary. . . adjust the columns, margins, header, etc. Memorize this report and you can re-run it whenever you need to.

Hope this helps,

Laura