Non-cash (barter) payments

Barter payments are payments you make that do not involve cash. If you have a vendor who is also a customer, you can make barter payments (use open invoices you have in A/R to pay outstanding bills you have in A/P). Before making a barter payment, you must create a link between the vendor account and client account

Setup a bartering relationship

1. Select Master Files > Vendors / Vendor Pricing.
2. Edit the vendor.
3. Select the Purchasing Default tab.
4. Check Is a bartering account.
5. Enter or select the client account that links to this vendor account.
6. Click OK.

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Create an A/P credit from open A/R

1. Select Modules > A/P > Create A/P Bartering Credit from A/R
2. Select the vendor. The associated client account is displayed automatically.
3. Select the A/R invoices by double-clicking in the Inc(lude) column.
4. Enter a document number for the credit.
5. Enter the credit date.
6. The credit amount is calculated automatically.
7. Select the A/P General Ledger account the credit should post to.
8. Click Commit Credit to A/P.
9. Click OK.

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Apply open A/P transactions to open A/R invoices

1. Open the A/R Inquiry for the client.
2. Right-click and select Apply Open.
3. Select the A/P invoices to apply from the list on the left under Select Open Credit(s). Accounts Payable transactions as the document number (first column) begins with "AP."
4. Select the A/R invoices on the right. To select an invoice, click in the "*" column. NOTE: To partially apply payment to an invoice, enter change the value in the ApplyAmt field.
5. Click Save.

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