But how would that work? If you put a vendor credit using the 'Note Receivable - Vendor XYZ' account wouldn’t that zero out the balance of that account on the ledger? I’m trying to do the same thing & would love to track this loan in A/R or A/P with applying the vendor repayment checks that way, but am struggling with having the transactions hit the ledger the right way.
In my case, the company gave another individual a loan so there’s no bills to apply it to. The individual is making payments to this loan. But I thought this approach could apply to my situation as well.
Any thoughts?
