Hello Every one,
Need a small guidance.
What is Offset account?
If anyone have any Video or document link please share. It will be very much helpful for me.
Thanks & Regards,
Dharma
Hi Dharma,
Accounting point of view every transaction has debit and credit entry. So each account works as an offset to other account.
Example: If we take vendor invoice transaction:
Debit: Ledger
Credit: Vendor
In the journal if we select vendor as account, ledger will act as offset account.
docs.microsoft.com/.../offset-account
Hi,
The offset account is used in various journals like general journals, AP and AR journals, expense journals and inventory journals.
Offset account is the account that offsets the account.
If you want to post a transaction to balance in one line, You use offset accounts.
Forexample, You have a vendor payment. So you select your vendor and fill the amount. You do not need to create an additional line to the journal. You can select the bank account on the offset account field.
Under review
Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.
As AI tools become more common, we’re introducing a Responsible AI Use…
We are honored to recognize Abhilash Warrier as our Community Spotlight honoree for…
These are the community rock stars!
Stay up to date on forum activity by subscribing.
CA Neeraj Kumar 2,167
André Arnaud de Cal... 867 Super User 2025 Season 2
Sohaib Cheema 617 User Group Leader
