Contra holding bank account

A number of answers refer to setting up a contra holding bank account but the hyperlink is broken. Where can I find the instructions for this?

Hi @SoxonAccoun

Would you kindly point me to the page you’re seeing the broken links please, and I’ll try and update them?

A contra holding account is nothing more than a dummy bank account that you create in the normal way from the banking page. Sales are paid (or part-paid) into this account and the purchases you want to contra against these sales are paid (or part-paid) from the same account.

There are a number of pages. This is one of them - Contra-Invoicing, Same Customer and Supplier, Netting-off receivables and payables

Thankyou Ian for your guidance

This topic was automatically closed after 7 days. New replies are no longer allowed.