Hi there i am new to business so when i click post and receive on the purchase order , i want help on where to find the creditors account or where do i put in the creditors account which needs to be credited when the transaction is processed
When you are doing “Receive” only, it is adding Quantity to your Inventory (assuming Items). The G/L will be updated if you are using Expected Cost Posting (recommended). There is no Payable balance to a Vendor at this point.
The Vendor will get a Payable balance when the Purchase Order is Posted as “Invoice”. This could also be done from a Purchase Invoice linked to the Purchase Order’s receipt.
Here is a Microsoft Learn to help: Purchase items and services in Microsoft Dynamics 365 Business Central - Training | Microsoft Learn
Hopefully this helps you better understand the process.
Best Regards,
Ben Baxter
Accent Software Inc
Mr Baxter, so there is no need to enter the vendors’s account number?
The scenario is that i have 4 different types of items, so cartegorized them under the gen prod posting groups so i wanted to know = where should i put the accounts (under the gen prod posting setup)
I get it now , thanx Man