Account receivables at F110

Hello Experts,

I have a question on F110 transaction.

There is a trading partner, and it is our vendor and our customer simultaneously.

That customer account often has some balances, we would like to pay its account payable amounts excluding its account receivable amount.

Is it automatically possible at F110 transaction?

If possible, please let me know how to do it?

Thanks.

BR,

Chris Kim