Lending Suppliers

Set up Lending Supplier

In the left menu select “Data”. Click “Suppliers”, locate the Supplier and double click to open the Supplier’s details. You can mark a supplier as lending supplier by checking “Is Lending Supplier” checkbox on supplier’s edit form:

Once a supplier is marked and a lending supplier, a “Lending” tab will appear on supplier’s pop-up window, in which you can set the GL account that will be used for lending:

Process payable using lending supplier

Once you have set up a lending supplier, you can use it to pay payable transactions in the Payable Aging screen. Select the payable transactions from payable aging list and click on “Process Payment”. In the batch payment window, instead of selecting a GL account, click on “Lending Supplier” and select a lending supplier from the menu and process the payment.