Common Party Accounting in OneOfficeERP involves accounting of unusual transactions like creating a Sales Invoice against a primary Supplier.
Let's assume an OneOfficeERP user who has been making Purchase Invoices against a Supplier, wants to make a Sales Invoice against the same supplier and adjust this Sales Invoice against one of the previous purchases.
The above can be achieved by enabling Common Party Accounting.
3. Create a Sales Invoice against the Customer that was set as Secondary Party in the 4th step. 4. On submitting the Sales Invoice, a Journal Entry will be posted automatically that will create an advance balance against the linked Supplier.
5. Now this Journal Entry advance can be then used to reconcile against a Purchase Invoice.