Error: "Account number for transaction type Vendor balance does not exist."

I am getting an error called : “Account number for transaction type Vendor balance does not exist.” while trying to post the purchase order…

Could any one help me out?

Sounds to me as though you have not set the posting profiles up correctly and a missing ledger account is not present.

please try to write your question in more details.

Hi,

As adam said the posting Profiles may have not defined clrealy…

Posting profile defines the ledger accounts where the vendor balances need to be posted when th purchase order invoice is posted.

So first check whehter the posting profiles are defined correclty or not

if not define settlement account for the vendor or vendor group by creating a posting profle

Hope it will help you

Regards

Kranthi

Thanx a lot guys…ur suggestions were quite helpful!!!