Account Settings
Account Settings
Automatic posting of received invoices requires the following settings:
- for credit posts: the supplier account
- for debit posts:
- inventory accounts which have to be defined for each item type separately. If the document type will be used to buy various item types, the accounts must be set up here in order to properly record the values of purchased goods.
- VAT accounts which are defined according to the Purchase-From parameter (in Subjects | Supplier) and the Tax Type (in Items | General | Accounts).
- Besides these bookings we have the possibility of entry of other custom costs and custom taxes. Taxes and cost are mater of users' settings regarding its needs for each document type individually.
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Account (supplier)
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Enter account number for supplier. This is liabilities account for the postings of this document type.
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Posting Side
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Defines posting side (debit or Credit) for liability entries.
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Document Type for Posting
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We can set default document type to post received invoices on general journal.
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| Chart of Accounts |
We can choose between existing chart of accounts. Posting matrix will be shown in relation of chosen chart of accounts. |
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Copy Accounts
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Function provides us copying set of accounts from one document type to another.
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Copy Statuses
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Function provides us copying statuses from one document type to another.
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For automatic posting of internal document types it is enough to specify inventory accounts, because internal documents do not involve any payables to suppliers and VAT. |