How can a supplier can become a customer on Quick books, we have a supplier and we receive goods from him but some times we give goods to that supplier than how it can be adjusted. How can a Supplier becomes customer at the same time.
I won't try to put both A/R & A/P for one Customer/Supplier into only one account.
You need to have them set-up as both, but QB will not allow you to use a name twice.
So you need to make them different, even if only by putting a Period "." at the end of one of the names.
You can set up the vendor name and the customer name with something that differentiates them, and if you put it in braces, it doesn't show on printout.
Lee Smith {C}
Lee Smith {V}
Then you use the vendor name for all vendor activity and the customer name for all customer activity and don't mix them up.
When you have a Barter situation, you still do everything as if it were going to be paid as usual. However, create a bank account in QB named Barter. Use it to deposit the customer "payment" and use it to "pay the vendor" and this account will wash the two amounts against each other. Barter = clearing account. You can read about this in the Help system.
