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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / One time vendor accoun...
Microsoft Dynamics NAV (Archived)

One time vendor accounting in GST

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Posted on by KONSPEC ERP 125

Dear Experts

Purchase items like consumables/spares(mouse,pendrive,electrical equipments) can be procured by cash /cheque/neft transactions from one time vendor(Registered/Unregistered) available in market.

we cannot create vendor master for these type of transactions. Hence we had utilized purchase journal option by creating a party.

But the issue in the purchase journal is that there is no option to select item(only G\L available) and even we cannot debit Purchase A\c or closing stocks.

Even we had tried with creating one time vendor in master. But at the time of Purchase invoicing process system will not allow us to enter the GST Reg number of one time vendor.

Any other solutions or alternatives available?

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  • KONSPEC ERP Profile Picture
    KONSPEC ERP 125 on at
    RE: One time vendor accounting in GST

    Applying an entry against G/L is not available??

  • Verified answer
    Alexander Ermakov Profile Picture
    Alexander Ermakov 28,094 on at
    RE: One time vendor accounting in GST

    If I understood your question correctly...

    You can in theory post the purchase through purchase journal and use some technical G/L account instead of items. Then, further, you can use item journals (e.g. as you would do with a surplus in stock-taking) to book the items to your balance, in correspondence to the same technical G/L account. As a result, this technical G/L account should be cleared, and you should get your items in place.

  • KONSPEC ERP Profile Picture
    KONSPEC ERP 125 on at
    RE: One time vendor accounting in GST

    In purchase journal ,if we create Vendor as balance account type ,assuming that we can credit the one time vendor ledger entry and later cash payment voucher can be posted for clearing balance. This was not helpful

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