Lending Suppliers

The primary purpose of Lending Supplier is for expense payments made on credit cards, but can be used for any payable account.

To set up a Lending Supplier, add the supplier (or edit existing supplier), and check "Is Lending Supplier" and save. Then select the Lending tab on the Supplier and add the GL Account, then save.

The GL Account must be set up as a payable. (Editing a GL Account)

To add an expense that was paid by a credit card (or other payable type), when creating the payable check the Use Supply Lender and add the Lending Supplier. This will create an Accounts Payable entry for the company/vendor then automatically debit to clear and apply as a credit on the Lending Supplier's GL Account.

Interactive Demo: Using a Lending Supplier for a Payable Entry