Topic: How to allocate the Payment to Supplier A to the Invoice of Supplier B
We are using a 3rd party currency exchange broker to pay our supplier overseas. Looking for a solution to allocate these transactions.
Supplier A sends us their invoice for GBP 1000 for services provided. We then exchange CAD to GBP with Supplier B and create Payment to Supplier B for CAD 1800. Supplier B wires the payment on our behalf to Supplier A.
Has anyone come across the situations like this? How do we go about allocations?