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Outgoing Payment to Vendor through loan account

Former Member
0 Kudos

Dear Experts,

There is the need to use Outgoing Payment to Vendor and pay the Vendor from an account that its balance is less than the payable amount.

How is it possible?

Thank you in advance for your time.

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi,

You can use On Account payment to pay your vendor even if the balance in the particular account is less. System will allow you to make an entry.

Thanks,

Harshal

Former Member
0 Kudos

Hi Harshal,

When selecting Payment on Account the list of the company accounts is appeared and there is not the ability to set the vendors account.

Former Member
0 Kudos

Hi,

Can you elaborate more on your requirement with example to understand better.

Thanks,

Harshal

Former Member
0 Kudos

When selecting payment on account, in the G/L Account field is appeared the list of accounts concerning the company. (accounts from the chart of accounts).

You can not select the Vendors account.

Former Member
0 Kudos

Hi,

You can not pay through vendors Bank account it will only list Bank accounts as define in House bank account setup.

however if you still have this process to pay from Vendors banks account in SBO then you can always create Bank account in House Bank setup for your vendor and pay from that account.

Thanks,

Harshal

julie_jamieson2
Active Contributor
0 Kudos

Create a journal entry to the vendor account for the amount of the payment required using the correct GL account, then you will see the journal available in the documents to pay