Accounting & Bookkeeping & Small Business Forum

[msmorgan15]

I am working on a project for a coffehouse owner. He has given me all of his invoices and all of his bank info. The problem is that when he payed his vendors he did not apply it to invoices, he simply paid them lump sums. I just finished inputting a 1000 invoices and I don't know how to pay them. Is there some way to apply a lump sum payment to a vendor account. It sounds like a long shot but I have to ask. Thanks!

[BillBro]

This could be complicated! These 1000 invoices you just put in, are they prior invoices that were already technically paid by your client when he paid lump sums to his vendors? When those original payments were made, what was the offset account used (CR Bank and DR ?).

It is possible to use the General Journal to make a lump sum payment to Accounts Payable, rather clearing each vendor invoice individually. But you want to be careful how you do that now if those payments were already recorded in the past.