Do a Payment Cheque with a Previous Credit
In the purchase journal I have a supplier invoice to pay as well as a previous credit that I posted for goods returned back to supplier.
Here, I have posted the invoice that needs to be paid.
The credit posted last month due to the product that was returned to the supplier.
Notice the credit beside the $300.00. looks like this. -300.00.
The net balance in the Payment Journal should be $700. payable to supplier.
Now lets go to the Payment Journal and see if it worked.
The net payable is $700.
Hope this helped and come back to my site for more tutorials.
Making life easy.