From any account journal entries view:

* Accounting/Journal Entries/Journal Items

select all the lines that corresponds to both AR/AP operations from the same
partner. Click on *Action > Compensate*. If the items don't correspond to the
same partner or they aren't AR/AP accounts, you will get an error.

On contrary, a dialog box will be presented with the result of the operation
and a selection of the journal to register the operation. When you click on the
*Compensate* button, a journal entry is created with the corresponding
counterparts of the AR/AP operations.