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I have a strange one here.
My organisation are going to be loaning money to some clients (we're not a bank). In order to help us track this we have decided to set up the clients in a seperate debtors list. One of the problems that someone has raised is the option of making a payment to one of these clients.
We can do this by doing a manual cheque and pay it by changing the AP option to GL option when making the payment and posting to a contra GL code set up specifically for this event.
However we are not happy about raising manual cheques and would prefer to do it like any other accounts payable run where we can put it through on one 'run' which is linked to our bank account.
Any help would be great - hopefully what I'm saying makes sense! :)
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Hello Michael
I believe the customer vendor consolidation will do for you. Proceeding with your scenario, you have configured separate debtors for your existing clients (assuming Debtor A, B and C). On the AP level, create corresponding vendors for these clients (Creditor A, B and C)
In this essence, you can still manage your receivable and payable transactions normally with these clients and consolidate their accounts frequently.
Your feedback is highly appreciated,
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