Arranging Contra Payments transactions are required when a Client is also a Vendor, and you wish to offset either a debtor balance or a vendor balance against each other.
To pay a Client:
- Create a Client Journal (CJ) and apply it to the Suspense account.
- Go to Accounts > Payables > Money Payment and do a Money Payment (MP) from the Suspense account to your client.
To pay a vendor is the reverse of the procedure outlined above.
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