Offset invoices - sell to a supplier

[Emma1]

Is there a way to invoice a supplier for a sale so that I can offset sales invoices against purchase invoices? ie purchase invoices xyz are actually paid by sales invoices abc. if that makes any sense?

I only seem to be able to set up a new client and it doesn’t recognise the client & supplier being the same company.

Any ideas?

[QFSteve]

Hello @Emma1

I found this in the forum which may help you.

If the amounts are different you can use the contra account and the remaining amount can be transferred back to/from your bank

Contra-Invoicing, Same Customer and Supplier, Netting-off receivables and payables

Do you have a recommended method for ‘netting-off’ customers who have made supplies i.e. transfer the balance on an unpaid purchase invoice to the Customers account and apply against outstanding invoices. Do not want to use a credit notes because that would understate values in the P&L.