can Quickbook solve out If a Company can be a Debtor (Customer) and a Creditor (Supplier)? Is there a solution for it? For Example Rickco Engineering Pte Ltd

Yes, a person or business can be both a customer and a vendor in QuickBooks Online (QBO). To do this, you'll need to create separate records for them in both the customer and vendor lists. QBO requires unique display names across customers, vendors, and employees, so you must add a small distinction to each name.

To add them as a customer, here’s how:

1. Go to All apps, then Customer Hub, and click Customers & leads.
2. Select New customer.
3. In the Customer display name field, enter the customer's name (e.g., Rickco Engineering Pte Ltd - Customer).
4. Review each section and enter any other important customer info.
5. Hit Save.

To add them as a supplier, follow these steps:

1. Go to All apps, then Expenses & Bills, and select Suppliers.
2. Click New supplier.
3. In the Supplier display name field, enter the supplier's name (e.g., Rickco Engineering Pte Ltd - Supplier).
4. Complete the fields in the Supplier information window.
5. Select Save.

Additionally, the program does not automatically net balances between customers and vendors. To offset an invoice against a bill for the same company, manually receive the customer payment into a clearing account, then use that account to pay the vendor bill.

If you have any other questions, feel free to click the Reply button.