"Please enter valid posting accounts before making the cash receipt as NSF"

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Posted on by Community Member Microsoft Employee

Hi All

NSF function in receivable management was functioning properly but now when hitting a payment as NSF it gives the error that "please enter valid posting accounts before making the cash receipt as NSF". I have checked in administration>setup>posting account and found that a NSF charge has been assigned a distribution account as well.

Below is the screen shot

Regards

Rashid Anwar

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Community Member Microsoft Employee on at

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RE: "Please enter valid posting accounts before making the cash receipt as NSF"

Thank you Leslie

I have setup the NSF charge account in the Administration>Setup>Posting>Posting accounts>NSF Charge in sales series. I have also set up all accounts in the financial series but still it is giving the same message/error.

Best Regards

Rashid Anwar
Community Member Microsoft Employee on at

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RE: "Please enter valid posting accounts before making the cash receipt as NSF"

Hi Bill

Thank you for the response. I have setup the NSF charge account in the Administration>Setup>Posting>Posting accounts>NSF Charge in sales series. I have also set up all accounts in the financial series but still it is giving the same message/error.

Best Regards

Rashid Anwar
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L Vail 65,271 on at

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RE: "Please enter valid posting accounts before making the cash receipt as NSF"

Rashid,

I noticed this was not USD :). Are you using multicurrency? The multicurrency accounts are in Setup\ Posting \Posting Accounts\ under Financial

When a transaction is NSF'd it normally pulls the Fee Amount and posts it to the default NSF account. You can set the account in Setup\Posting\Posting Accounts and then restrict it to sales.

The NSF Account is highlighted below

The Financial multicurrency accounts are shown below.

Kind regards,

Leslie
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Bill Campbell 22,647 on at

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RE: "Please enter valid posting accounts before making the cash receipt as NSF"

Rashid, this is stating that you need to tell the system where to post the dollars for this transactions.

NSF has a account setting in the Administration >> Posting >> Posting Accounts

This window allows you to predefine where posting should be done, if the customer, vendor, user does not enter a value. In this case, it is required as it needs to know where before it will move off this window.

Hope this helps.