Problem: How to transfer of advance payment from one customer to another?
Solution: Create an empty cash receipt and don't post it
1. Create an empty Bank receipt or Cash receipt for Customer Recipient and don't post it:
Main tab:
Payment Details tab:
2. Create a Mutual Settlement document (Accounting > Service Tools > Mutual Settlements). Transaction Type Customer Debt Assignment:
In the Customer field, select Customer Recipient
In the Customer Recipient field, select Customer
3. At the Accounts Receivable tab use the button Pick for choosing an empty Bank receipt or Cash receipt for Customer Recipient, double-click on the document, then press OK:
4. At Payee Attributes tab, specify the Contract, Document, and Amount of Settlement:
Accounts Amount and Accounting Amount in the Accounts Receivable Tab and Amount of Settlements and Accounting Amount in the Payee Attributes Tab should match.
6. As the Mutual Settlement document is posted, the corresponding record is created and documents are settled:
Generate reports and check mutual settlements with the STATEMENT OF MUTUAL SETTLEMENTS for each company
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