Transferring a credit balance

Posted By RAntico 10 months ago

How would I go about transferring a credit balance from one Vendor to another in Sage?

We work with a Vendor that has a Concrete business and a lumber business and our records have each of these subdivisions as a vendor in Sage. Currently we have a credit balance with the concrete company but we have an outstanding balance with the lumber company. Is there a way to transfer this credit balance in Sage from one Vendor to the other?

Thank you

Rhiannon

0 kaysong70 10 months ago

You would need to enter a positive invoice for the concrete company in the amount of the credit with a description of "Move to Lumber Co" and then enter a credit invoice to the lumber company with a description of "Credit from Concrete Co". You would then use the Manual Checks task to write a zero check to the concrete company after selected both the credits and the positive invoice.

Hopefully, that makes sense.
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0 RAntico 10 months ago in reply to kaysong70

Hello!

Thank you so much for the information. I am going to work through this later today and I will report back.

Thanks again for taking the time to respond. I appreciate you!
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0 Rhonda V 10 months ago

AP - Change Invoice, does offer the opportunity to choose a button called "Change Vendor" and is allowed if certain criteria are met. See Knowledgebase article: https://support.na.sage.com/selfservice/viewdocument.do?noCount=true&externalId=27158&sliceId=1&isLoadPublishedVer=&docType=kc&docTypeID=DT_Article&stateId=15622&cmd=displayKC&dialogID=1068066&ViewedDocsListHelper=com.kanisa.apps.common.BaseViewedDocsListHelperImpl&openedFromSearchResults=true
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Transferring a credit balance

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