Vendor and Customer is the same Entity: How to offset the transactions

[AWJ138 (Aaron Josephson)]

We have a vendor who supplies us parts, but also buys completed units from us. What is an efficient way to “pay” the Accounts Payable Invoice in the form of a Credit Memo to Accounts Receivable for this specific client? Can you assign any Credit Memo to a specific AP Invoice?

[Jason_Woods]

Newer versions of Epicor have this feature already. I’m not 100% sure when it was added though.

[Hogardy (Pierre Hogue)]

Ohhh Good to know!

From the start in 10.0.700 we implemented the same customer as a customer, AND as a Vendor. Because they supply us with some materials that go into their products we produce and then we sell them.
Pierre

[JasonMcD (Jason McDermott)]

@Jason_Woods 10.2.600

@Hogardy It sounds like you still need to set them up as both supplier and customer.

Or am I understanding that wrong?

PS, it is an added module you have to pay for (and we have not).

AR/AP Netting 10.2.600

Just curious how many of you are or plan to use AR/AP Netting introduced in 10.2.600. Accounts Receivable and Accounts Payable netting process helps to combine and calculate a net balance of all AR or AP invoices with a certain business. In many companies the supplier that provides services to a customer also acts as customer and vice versa. As a result, the supplier requires to do netting of the AP and AR transactions, in order to have all the debits and credits retrieved for netting. The sa…

[AWJ138 (Aaron Josephson)]

This is great. Where can I find a tutorial or video that explains this procedure? I have not worked with Epicor very long and am still getting used to it. (spent 10 years with Oracle…)

[Jason_Woods]

The help manual is decent. I would start there.