Applying credit/return of child to another child for parent payment

[Luvsql]

We have setup a parent company and assigned 10 child customers to it. Our parent company sends one cheque, which includes invoices of all its children. This part is fine. However, the parent company takes credits as they want ie their payment shows credit memo from child A, invoice from child B, invoice from child C. Unless the parent takes exactly the amount of the credit and invoices from the same child, how can we apply credit of Child A to an invoice of Child B, C and D (or just B etc).

From what I've seen and researched, it's not designed to work this way. We need to be able to apply our payments for a parent company as they want ie if they choose to take a credit from a child, and NOT apply those child's invoices, they should. If this is not allowed, how do we fix this? If we apply the credit for Child A to its own invoices, then what happens when the parent company then pays for those invoices?

 

[VictoriaYudin]

Luvsql,

I have a client that has run into the same limitation with national accounts. Here is what we do in this situation:

1. Create a debit memo for Child A (debit AR, credit Suspense).
2. Apply the credit memo for Child A to this debit memo.
3. Create a credit memo for Child B (debit Suspense, credit AR).
4. Apply this credit memo to Child B invoice(s).

Of course, if there are more than 2 children involved, some of the steps get repeated.

Hope that helps.
Victoria