Problem: How to reallocate an advance payment from one supplier to another?
Solution: Generate
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a Mutual Settlement document for supplier debd assignment as shown.
As a Payment document to record the prepayment made to the supplier is already created, then follow the steps below to transfer the balance.
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Company B A is the supplier who received the prepayment, and Company A B is the new supplier to whom the prepayment needs to be transferred. The Bank Payment EIBP24NNBP25-0000001300000001, dated 43/13/20242025, has been posted for the advance payment to Company B. |
1. Create an empty Bank Payment or Cash Payment for Supplier and don't post it:
Fill the Main tab (Amount is 0):
Fill the Payment Details tab:
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A.
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Create a Mutual Settlement document (Accounting > Service Tools > Mutual Settlements) with transaction Type Supplier Debt Assignment:
In the Supplier field, select Supplier Recipient(Company A)
In the Supplier Recipient field, select Supplier Recipient (Company B)
At the Accounts Payable tab use the button Pick for choosing an empty a Bank Payment or Cash Payment for Supplier Recipient, double-click on the document, then press OK:
At the Payee Attributes tab, specify the Contract, Document, and Amount of Settlement:
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Generate Statement of Mutual Settlements report (or any relevant report) and check mutual settlements for each company:
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