Creating General Journal Lines Without a Vendor Balancing Account

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Creating general journal lines without a vendor balancing accountCheckmark Mar 2023Checkmark Apr 2023

Business value

This feature provides you with the added flexibility of being able to select other balancing accounts than the default vendor account. This is particularly useful for relatively small purchases and petty cash transactions.

Feature details

When you register documents whose template has the setting Create Journal Lines (under Invoice Reg. Step 1), the balancing account that's used for the lines created in the general journal has so far always been the vendor account. With the implementation of this feature, it will now be possible to select either a G/L account or a bank account instead when general journal lines are created upon document registration.

The template header fields Bal. Account Type and Bal. Account No. will be made avalaible for users to fill out. If these fields are left empty, the vendor account will still be used by default.