Recipient created Invoice (RCI)

[wherethefugawi]

How does one handle these when my supplier (BOC Gases) provides me with a RCI. I cant get A/payable to show this as a credit against their account....let alone figuring out if gst and ncg are correct...bloomin hell......HELP..i'm going around in circles

[gibbo]

The RCI is simply the Invoice you would have sent them. So you have to enter it as an Invoice in your system. If it isn't exactly what you would have done had you had the chance, it probably isn't right.
I assume the problem is that they are using this as payment against what you owe them. You need to make a payment to that good old clearing account and then pay them for the Bill you entered from them with a cheque from the clearing account. This way the GST and the NCG's are all in correctly. You simply use the money from one to pay the other.
Come on, give me something hard!

[wherethefugawi]

how do you do this when you cant have a debtor and creditor with same name...but i will analyse your reply closely, while hoping for clarification....

i have created RCI to Boc ltd (these raised the RCI) and paid it with cheque to clearing account....do i just need to journal $$$ only from BOC Ltd to BOC Gases (vendor)

[wherethefugawi]

if at first you dont succeed try again....pull one hair out and raed again.....try agian...keep doing this till you get computer rage but dont give up...
thanks gibbo I got there...
(was'nt paying the cheque (from clearing acc) to accounts payable to BOC Gases as a vendor. I was using cost of goods to sale and other items but this didnt work so i knew you were talking about something else, that i wasnt doing!!!)
got there and thanks again

[gibbo]

I had a friend who owned a Service Station and I helped him get out of the biggest mess I have ever seen (and I have seen some beauties). He had the exact same problem - except that they weren't issuing a RCTI - they were simply deducting what he owed them off his statement. I Politely informed them that this is not exactly legal. So I have to admit I didn't work it all out when I read your posting, I already knew the answer.
If you need to have a Customer and a vendor with the same name, just add a full stop at the end of one.