Problem: One of the company's owners has made the payment to the Supplier directly on behalf of the company. This amount should be shown on the BS Capital Issued section account.
Solution:
1. Create Mutual Settlement document (Accounting Section) in order to write off the Accounts Payable of the Supplier.
1.1. Transaction Type - Supplier Debt Adjustment. Account - any account From PL Income section:
1.2. At Accounts Payable Tab, select the Invoice Received that has been paid (select the document through the "Pick"option):
2. Create Other Income Document (Accounting Section) to transfer the written off amount from Income to Capital Issued account
2.1. Transaction Type - Reversal:
2.2. At Incomes Tab, select Capital Issue GL account in CR, and Income Account in DR:
3. The Transactions are following:
Thank you for being a FirstBIT customer!
#Knowledge base