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customer vendor relationship

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Posted on by Afazal 756

Dear All,

I have a business process where I need a customer vendor relationships and their settlements , it means our company receive  a rent from a person (customer) and also procure goods/services from the same person (vendor). Company wants that there should be a process in D365 FO from where adjust the receivables and payables balances along with the journal entries. Whatever the remaining balances left deal with it accordingly. if payable balance, pay from payment journal, if receivable balance, receive from customer payment journal.

Any thoughts on this how we can achieve this in D365 FO.

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  • Verified answer
    ColbyGallagher Profile Picture
    ColbyGallagher 3,664 on at
    RE: customer vendor relationship

    You can do this out of the box.  

    1. Link the Customer and Vendor records to each other in the global address book by ensuring they are both associated with the same Party record.  
    2. Create a purchase order / sales order to the vendor / customer respectively and get them to an invoiced state. 
    3. Then, when the vendor has an invoice posted against it that you want to settle against the customer balance or vice versa, create a general journal debiting the vendor account and crediting the customer account.  In the journal click Functions -> Settlement, select the vendor invoice(s) posted against the vendor account and post the journal.  You should now see the updated balance from either the customer balance or vendor balance form.  
  • Suggested answer
    WillWU Profile Picture
    WillWU 22,348 on at
    RE: customer vendor relationship

    I think you have to do some customization.

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