Offsetting debtors invoices with intercompany account

Accounting
1

I would like to know the easiest way of offsetting debtors invoices raised against loans received from an intercompany account? Invoices were raised to the intercompany account for goods supplied and during the months funds were received from the intercompany for cashflow purposes which was allocated to the loan account in the balance sheet. We would like to offset these loans to the outstanding invoices raised what would be the easiest of clearing these as we are unable to process journals in accounts receivable?

Thanking you
Sharon

2

Just use an intercompany loan account as a bank to log payment against invoice

3

Just bear in mind that offsetting is not usually allowed unless you have the express right to do so. If this is a true intercompany account, with just one other company in the group, then it should be fine.

4

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