KB13: Vendor Payment and Invoice Auto Set-off

KB13: Vendor Payment and Invoice Auto Set-off

KB13: Vendor Payment and Invoice Auto Set-off Nilesh Mandani

When you make payments to vendors or customers, or reimburse your employees, you post the related payment lines on the Payment Journal page. The payment journal is a general journal that is optimized for making payments and includes a number of powerful functions such as the Suggest Vendor Payments function that finds vendor payments that are due, and the Vendor – Summary Aging report that shows an overview of due vendor payments.

You can start the process of making the payment from the lists, cards, and ledger entries for vendors, customers, and employees. Each of these pages has a button that starts the payment flow and helps you fill in the payment journal.

In Dynamics NAV, you can manage automatic payments and bills.

The following procedure shows how to set up automatic bills for sales and receivables and the same steps can also be applied to set up purchases and payables for receiving automatic payments.

Master- 1: In Vendor Card: Make Payments => Application Method: Apply to Oldest

Scenario-1:  Invoice Booking

Transaction- 1: Post- Vendor Payment

Transaction- 2: Post- Purchase Invoice

Result: To Check Vendor Ledger- Payment auto Applied (Based on Oldest Payment) on Invoice

Scenario-2: Making of Payment to Vendor

Transaction- 1: Post- Vendor Invoice

Transaction- 2: Post- Vendor Payment

Result: To Check Vendor Ledger- Invoice auto Applied (Based on Oldest Invoice) on Payment

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