Is it possible to use the Offset Account Type /Project/ in the Vendor Payment Journal module?
Background:
We want to purchase items for inventory through the Purchase Requisition//Purchase Order module but need to pay for it with a credit card immediately because the vendor will not invoice the organization.
We need to settle the Vendor Payable balance and cancel the expense generated under /Project/ when the credit card payment was liquidated in the system.
We proposed using the vendor payment journal to Debit (Account Type) Vendor and Credit (Account Type) Project. This in theory would cancel the vendor payable due and offset the expense generated under /Project/ when the item was purchased outside the A/P process.
Any help or guidance is greatly appreciated!
Jon