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Posting type - Purchase and Sales - How to post income from a vendor

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Posted on by MS-06111451-0 15
Hi all.

So the purchase / sales Posting types makes sense in most cases, where customers can only be used with "Sales" and "Vendors" with Purchase.
But in some instances, let's say I receive Interest Rate payment from my bank. Shouldnt this have the posting type "Sales" and not "Purchase". But I'm not allowed to post any Vendors with "sales" Posting type.
So in order to come around this issue, I've been using a "Support GL Account" to post the transaction through, but this feels like a tedious way to do it.

Is there a better solution for this?

Best Regards
Mathias Sørensen
Categories:
Dynamics 365 Business Central
  • gdrenteria Profile Picture
    gdrenteria 13,395 Most Valuable Professional on at
    Posting type - Purchase and Sales - How to post income from a vendor
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    Valentin Castravet Profile Picture
    Valentin Castravet 25,565 Super User 2025 Season 1 on at
    Posting type - Purchase and Sales - How to post income from a vendor
    I agree with Yun Zhu, I would leave the gen. posting type empty, unless you're in Australia and need it for tax purposes. 
     
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    Khushbu Rajvi. Profile Picture
    Khushbu Rajvi. 7,396 Super User 2025 Season 1 on at
    Posting type - Purchase and Sales - How to post income from a vendor

    The system is designed to separate "Sales" for customers and "Purchase" for vendors due to its default structure, but there are alternative ways to handle scenarios like receiving income from a vendor.

    To handle income from vendors in Business Central, use General Journals: select the Vendor as the Account Type and post the income to an appropriate G/L Account as the balancing account. This avoids using a "Support G/L Account." Alternatively, you can use a Purchase Credit Memo for such transactions or process it via Bank Transactions if it’s directly received in your bank.

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    Yi Yong Profile Picture
    Yi Yong 1,715 Super User 2025 Season 1 on at
    Posting type - Purchase and Sales - How to post income from a vendor
    Hello,
     
    You can use Purchase Credit Memo to post income from vendor or "Credit Memo" document type on journal.
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    YUN ZHU Profile Picture
    YUN ZHU 76,622 Super User 2025 Season 1 on at
    Posting type - Purchase and Sales - How to post income from a vendor
    It would be very helpful if you could provide some screenshots. As far as I know, when posting to General Journal, there is no need to select the Posting type.
    If you mean Gen. Posting Type, hopefully the information below can give you some hints.
     
     
    Thanks.
    ZHU

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