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I am paying an invoice for a client and they are paying me back. Is there or what are the entries for these types of transactions?

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I am paying an invoice for a client and they are paying me back. Is there or what are the entries for these types of transactions?

in the chart of accounts create an expense account called clearing (if you do not have one already)

Use that clearing account on the payment, and use it as the source account for the deposit when received

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I am paying an invoice for a client and they are paying me back. Is there or what are the entries for these types of transactions?

in the chart of accounts create an expense account called clearing (if you do not have one already)

Use that clearing account on the payment, and use it as the source account for the deposit when received

I am paying an invoice for a client and they are paying me back. Is there or what are the entries for these types of transactions?

Thank you!

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