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
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