Difference between revisions of "How do I deal with contras?"
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| − | {{Note|text=It is advised for the Payment centre that the amounts are paid of to are a form of suspense account as standard this would be '''Z990 - Suspense Account | + | {{Note|text=It is advised for the Payment centre that the amounts are paid of to are a form of suspense account as standard this would be '''Z990 - Suspense Account.''' Try and avoid the Bank Accounts as no money exchanges Hands.}} |
{{Warning|text='''The Amounts to be paid of and Contra have both got to be the same value for the contra to work.'''}} | {{Warning|text='''The Amounts to be paid of and Contra have both got to be the same value for the contra to work.'''}} | ||
Revision as of 16:33, 19 September 2008
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This article or section is under review. Be aware: Content may change as the document is reviewed. |
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This article or section is under development. Be aware: Content will change as the document progresses. |
Summary
This article will explain what a contra is and how to handle one within the Platinum System.
Additional Information
A Text book definition "In accounting, a contra entry is one which is offset by an opposite entry, either a debit or credit." in Platinum this would be an invoice on a account being paid off by a payment on a different account.
It is possible to Contra between two sales Ledger accounts, two Purchase Ledger accounts or one of each.
Sales Ledger to Sales Ledger
To contra Between two Sales ledger accounts you will need to go to "Sales Ledger" > "Receipts".
- At the "Account:" enter the first account that has the payment on.
- Arrow Key down to the Payment. Press <F> for full payment this will move the amount in "Balance Held" and place it in "Payment".
 | It is advised for the Payment centre that the amounts are paid of to are a form of suspense account as standard this would be Z990 - Suspense Account. Try and avoid the Bank Accounts as no money exchanges Hands. |
 | The Amounts to be paid of and Contra have both got to be the same value for the contra to work. |
