My client has made a small loan to one of his suppilers. The supplier has then issued several invoices, deducting the loan payment from his invoices eg total ie £500 less deduction of £100 for loan repayment, £400 owed.
Any good ideas for recording on Sage as obviously need full amount on Purchase Ledger?
All I can think of is Credit Purchase Ledger Account and then do a nominal entry against Purchases/Loan account .
Have advised them this is not best way of processing this!
Thanks
Debs
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