Can we offset AR against AP of a Customer that has been extended as Vendor? If Yes, what should be the process flow? Say for instance we have an AR of 1,000 and AP of 600.
You can with a payment method. But be cautious if posted incorrectly, your A/R and A/P will be off. It would be better if you know in advance to invoice a customer to a different A/R - A/P holding account you can easily clear and make sure it is zero. You might have multiple of these accounts that sit next to A/R and A/P accounts so you can keep track of them. Again, use a payment method that offsets the payment of these accounts. Either way, you will need to create a payment for vendor bill and a payment for the customer side manually.
How would we apply a Debit Memo to an open invoice if we already released the debit memo?
Create a payment with type debit memo. Select that debit memo and then select your invoice under to apply
Can we offset AR against AP of a Customer that has been extended as Vendor? If Yes, what should be the process flow? Say for instance we have an AR of 1,000 and AP of 600.
You can with a payment method. But be cautious if posted incorrectly, your A/R and A/P will be off. It would be better if you know in advance to invoice a customer to a different A/R - A/P holding account you can easily clear and make sure it is zero. You might have multiple of these accounts that sit next to A/R and A/P accounts so you can keep track of them. Again, use a payment method that offsets the payment of these accounts. Either way, you will need to create a payment for vendor bill and a payment for the customer side manually.