Offset customer bill and invoice.

How to offset an invoice and bill of customer?

To offset a customer invoice and bill, first we need to create a customer as a vendor. Then only we can create a bill for the customer. To create please refer this link http://www.jobinandjismi.in/2019/06/07/customer-as-vendor/

After creating these records we can make bills for that vendor and invoices for the customers. To offset these amounts, we will create journals entry in this format.

1. Create a Journal Entry as an offset transaction for both Invoice and Bill. Navigate to Transactions > Financial > Make Journal Entries: 
   
   • Debit Accounts Payable
   • Credit Accounts Receivable
2. In the Accounts Receivable line > Name field and assign the Customer Name.
   
3. In the Accounts Payable line > Name field > assign the name of the Vendor.
4. Click Save.
5. Navigate to Transactions > Customers > Accept Customer Payments.
6. Select the Customer Name.
7. Mark the Invoice on the Apply tab and mark the Journal Entry on Step #1 on the Credit tab. Make sure that Payment Amount should be 0.
8. Click Save. This offsets the amount for the invoice.
9. Navigate to Transactions > Payables > Pay Single Vendor.
10. Select the Vendor name.
11. Mark the Journal Entry on step #1 and the Bill,
12. Click Save. This offsets the amount for the Bill.