Skip to main content
Post a question

Notifications

Announcements

🌸 Community Spring Festival 2025 Challenge 🌸
News and Announcements icon
Community site session details

Community site session details

Session Id : gsjcaiUJWL2QmHWH1q3w7w
Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Cancel field in vendor...
Finance | Project Operations, Human Resources, ...
Suggested answer

Cancel field in vendor posting profile

Like (0) ShareShare
ReportReport
Posted on 1 Nov 2023 07:17:50 by Karthik Shriramneni 12
Hi,
 
 
Can someone please purpose / use case of the /cancel/ field in vendor posting profile.
 
I already gone through the microsoft doc https://learn.microsoft.com/en-us/dynamics365/finance/accounts-payable/vendor-posting-profiles ,  but I didn't understood the exact purpose.
 
  • Hana Xue Profile Picture
    Hana Xue Microsoft Employee on 10 Nov 2023 at 09:40:38
    Cancel field in vendor posting profile
  • Suggested answer
    Karthik Shriramneni Profile Picture
    Karthik Shriramneni 12 on 01 Nov 2023 at 15:05:15
    Cancel field in vendor posting profile
    Hi Hana Xue,
     
    Thanks for the prompt response !!
     
    Basically when we create a new posting profile the system sets this field as "YES" by default.  Will there be any impact at any level / process if we keep it as "NO".
     
    Can you guide me the impact of this filed at any specific process in F&O, because I tested this at vendor transaction reversal, credit invoicing but I didn't find any impact of this setup.
     
     
  • Suggested answer
    Hana Xue Profile Picture
    Hana Xue Microsoft Employee on 01 Nov 2023 at 07:40:09
    Cancel field in vendor posting profile
    Hi，
    When a transaction with a vendor needs to be canceled or reversed, the system needs to know how to post the reversal entry in the general ledger. The Cancel field in the vendor posting template is used to specify whether this template should be applied when a transaction is canceled.
    Canceling a transaction usually involves creating a new transaction that offsets the original transaction. For example, if you issue a purchase invoice to a vendor and later need to cancel the invoice, you can create a new transaction (such as a credit note) to revoke the original invoice.
    In summary, the Cancel field in vendor posting templates helps ensure that when you need to cancel a vendor transaction, the system uses the correct posting template to reverse the financial impact of the original transaction.
    Best Regards,
    Hana

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.

Helpful resources

News and Announcements

🌸 Community Spring Festival 2025 Challenge 🌸

Quick Links

🌸 Community Spring Festival 2025 Challenge 🌸

WIN Power Platform Community Conference 2025 tickets!

Jonas ”Jones” Melgaard – Community Spotlight

We are honored to recognize Jonas "Jones" Melgaard as our April 2025…

Kudos to the March Top 10 Community Stars!

Thanks for all your good work in the Community!

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 293,518 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 232,594 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,158 Moderator

Leaderboard

Featured topics

End-of-life Announcement for Microsoft Dynamics GP

Product updates

Dynamics 365 release plans