US - Connecticut Hartford

Hello,

We sold an asset to one of our vendors. We had some invoice outstanding to them. In addition to cash we received we are not paying our outstanding invoices.
They need us to invoice them for the sale of the asset.
Is there a way to have the billing we do wipe out the payables that we owe to them?

Thanks,
Chris Hecht

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Chris Hecht
eMagin Corp
Hopewell Junction NY
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Hello Chris,

The best way to do this would be to setup and use: Customer Vendor Consolidations. This requires some setup. Let me know if you want more information. (I have worked with your team before. Let me know if I should reach out to my contacts at your office).

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Amber Bell
Training Dynamo LLC
Email: amber@trainingdynamo.com
Website: www.trainingdynamo.com
Twitter: @trainingdynamo
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Original Message:
Sent: Jan 07, 2021 03:15 PM
From: Chris Hecht
Subject: applying ap we owe to an AR invoice

Hello,

We sold an asset to one of our vendors. We had some invoice outstanding to them. In addition to cash we received we are not paying our outstanding invoices.
They need us to invoice them for the sale of the asset.
Is there a way to have the billing we do wipe out the payables that we owe to them?

Thanks,
Chris Hecht

------------------------------
Chris Hecht
eMagin Corp
Hopewell Junction NY
------------------------------