let’s say I want to see individual party receivable or payable, how we can do that?
In Accounts Receivable / Payable report, you can filter based on Party, it will give the desired results.
I try to make a new party type which is creditor (credit that goes to investment not from sales). when I try to make a journal there’s Party Type and Party is only applicable against Receivable / Payable account. is this some kind of restriction?
Yes, there are validations in the system due to accounting reasons which may not allow you to choose customer and post it to Creditors account.
Do you have any suggestion to make a creditor have an account for them that is link with the credit that they have?
never mind I know what’s wrong. Apparently I’m not set account type as payable on COA