Hello,

We have AP vendor accounts set up for our company Visa cards. I enter the credit card statements as AP invoices and record Visa payments as prepayments when made. I am wondering how to account for the following:

A purchase order was created for an order of some new miscellaneous inventory items; the items were received and the outstanding amount was paid by Visa. The PO was made out to the supplier that sold us the inventory items, and the payment is reflected on the Visa statement.

I would like to post a PO invoice so that the cost is allocated to the inventory items, but am not sure the best way of doing this, as payment was made by Visa (an AP vendor). If I enter the supplier invoice as a PO invoice, there will be an amount owing to them on the AP listing, but it has already been paid by Visa.

Any ideas are appreciated.

Thanks!