Contra Invoicing

Hi Quickfilers,

I have a supplier / customer wishing us to use the money we owe them to offset their Sale Invoice amount (Billed by Us) with the amount of money they have invoiced us.

I have already instructed a Direct Debit for the o/s amount 75.00 and this will be collected soon.

Should I wait until the next billing cycle to set up the contra account or not.

Also could some explain in layman’s terms a step by step process of how to actually input a contra transaction.

Thanks Gary

I got this sorted so this topic can be deleted or closed.


I’m glad you managed to resolve your issue. I’ve hidden this thread from the main forum.