Can't remember the term!

[multilingual]

There is an accounting term that I have forgotten and it is annoying me!!

I have an invoice from company A for £300, but company A also owes me £300 for services rendered.

Rather than writing out cheques, we just cancel out/ offset invoices/ exchange/ swap debts??????

:evil:

I know the phrase, just can't bring it to mind.

JB

 

[Alpha]

Contra

 

[Jayne]

That sounds like an alcoholic drink :lol:

Jayne

 

[multilingual]

Contra!

That's the one.

Cheers Alpha, been pulling my hair out all morning trying to think of that word.

JB