The Deposit and Payable Account set up for the Customer and Vendor will be automatically picked up by the system under their respective fields while making any kind of transaction like paying an Invoice/Bill or recording a transaction in the system.
How does it work?
For the Outbound transactions:
If the Default Deposit Account for the Customer is set up, it will auto-populate in its field.
- Navigate to the Customer Deposit module, select the Customer and you will see that the default Deposit Account is auto-populated.
- Navigate to the Invoice Payment module and select Customer, the default Deposit Account will be filled on its own.
For the Inbound transactions:
If the Default Payable Account for the Vendor is set up, it will auto-populate in its field.
- Navigate to the Bill module, select the Vendor and you will find that the default Payable Account is populated (in Select Account dropdown) on the header level.
- Also, the Default Expense Account is populated in the Account dropdown (Bill Detail’s Expense tab).
- Navigate to Outgoing Payment (At Line Level).
- Change Entity Dropdown and see that the default Expense Account is populated for the entity.
