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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Payment Methods
Small and medium business | Business Central, N...
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Payment Methods

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Posted on by hyattmjh 80

Can someone please help me understand when the payment method balancing account is used?  I assumed that in a payment journal if I would select a certain payment method it would populate the balancing account with the payment method balancing account.  This does not occur - so when does the system use the value specified in the payment method balancing account - am I missing a setting?

Thanks so much

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  • Suggested answer
    keoma Profile Picture
    keoma 32,729 on at

    i assume you mean the fields payment method and balancing account in a payment journal line.

    if not, then it could be a customization.

    when selecting a payment method balancing acc. type and balancing account are not set automatically.

    for vendor payments you can use button "suggest vendor payments". the lines are then created automatically with all needed field values.

  • Suggested answer
    Dirk Profile Picture
    Dirk on at

    When you post the payment manually, in a payment journal, then this "Bal. Account No." from the Payment Method is not doing anything.

    But when you post an invoice (through "Documents" not "Journals") with a Payment Method where Bal. Account No. is set, then the payment for this invoice gets posted automatically and the invoice gets applied directly.

    see here also:
    https://docs.microsoft.com/en-gb/dynamics365/business-central/finance-payment-methods

     

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