Companies operating in current economic environment are involved in multidimensional business relations with suppliers, consumers and other stakeholders. In many cases the paradigm of those relations is not straightforward. Namely, it is not uncommon to buy from a company that happens to be your customer or to sell goods/provide services to one of your vendors. In this case the partner company is listed both as a vendor and as a customer in the accounting books. As a result, two separate balances are maintained for the same entity. The primary issue with handling such Vendor/Customer accounts is finding a definitive treatment for open receivable and payable documents of these business partners.
