When doing an entry in GL to customers or Vendors, the offset is Bank. Is this a requirement or is this somehow configurable?
This is configurable on customer and vendor. Check the posting setup on customer/vendor.
can you provide the path?
On the vendor master, in invoice tab, there is a button for default account. In default account we can define offset account.
what is the purpose of this offset account in customer /vendor master ?
This is based on the Journal Name that you use to make entries for Custor Vend.
Navigation for setting Offset as Bank:- Setup >>>> Journals >>>> Journal Name >>>> Offset account Proposal >>>> check Fixed offset account and select account type as Bank and specify offset account…
all, thanks for the replies.
I see the reference