We work with a Vendor that on the 25th of each month takes what we owe them for the previous month and transfers them to a Flooring Vendor and then we have 25 days to pay the Flooring vendor. What is the best way to enter getting the bills from Vendor to Flooring Vendor?
Thank You! That is great that it is that easy. Should I also change the bill date to the actual date transferred so the past vendor detail report shows the date the invoice was transferred? Or does it not matter?
Thanks for reaching back out to the Community. I'm so glad that we were able to provide you with some information to help answer your question. I'm unable to advise you on which date to choose for the bill, but you can consult with your accountant to be sure. If you don't have an accountant, check out this link to find one near you.
The Community is always here to have your back. If you have any other questions, just let me know. Have a great day!