I have a customer with a credit of $3600 and the same customer is a vendor with a $10000 debt.
What journal entries do I make to put the credit on the debt?
When I go to pay bills on the vendor side the credit does not show and the way I tried moved changed by cash.
Your terms are confusing me a little.
(Customer has credit if they overpay, vendor has credit because you overpaid?)
It sounds as if you need a clearing account. Do a journal entry from a/r to the clearing account. (name the customer) Then do a second journal entry from the clearing account to the a/p. (name the vendor) As long as you got your debits and credits right, you should have a credit on the vendor side & a bill to clear the customer side.
Kate
