Default Account Setup specific to Vendor in Microsoft Dynamics 365 finance and operations

If there is any requirement where customer wants to default the offset account for every specific vendor or set of vendors than we can use this feature.

You can specify the default accounts that automatically appear in vendor invoice journals for the specified vendor. This functionality can be useful if you typically pay for the same types of items or services from the same vendors over time. When you specify a default account, you can quickly and efficiently enter journal entries in the invoice journal. The default accounts that you specify aren’t used for purchase orders, or for vendor invoices that are entered on the Vendor invoice page.

You select default accounts on the Default account setup page, which you can open from the Invoice tab on the vendor record. The accounts that you select here appear in the filtered list of accounts for the vendor account when you enter a journal entry. You can set one of the accounts as a default account.

Lets see how we can setup and use this:

Step-1: Configure Default Account

Accounts Payable > Vendors > All Vendors > Invoice Tab

Note: Currently there is not data entity available for uploading or configuring this to all vendors which is kind of disadvantage.

Step-2: Create Invoice journal and test

That’s it in this blog, it was a small but a quick tip for a specific scenario.

Thank You!!! Keep reading and sharing!!!