Dealing Financial transactions with a Customer that is also a Vendor - AR/AP Payment Offset

You may have a situation where a Customer is also a Vendor and you need to perform Account Receivable & Account Payable transactions for them.

The AR/AP Payment Offset form within CSI allows you to functionality to offset the payments for A/R and A/P - Assuming the transactions are in the same currency.

So in the example above, we have a Customer that is also a Vendor.

In this scenario, we have an AR invoice outstanding but no AP payment.

If we did have a AP Payment of 500 USD outstanding, then it would appear under the voucher side.

We would then be in a position to create the offsets and proceed with the A/R Payment Posting and A/P Check Printing/Posting forms.

 

 

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