You’re offline. This is a read only version of the page.
Announcements
4,376
Hi Community,
What is the reason why in the General Ledger Entries, there are almost always 3 lines, in Navision 2018?
can see that under G/L Account No., there are 3 different types, but I not sure what is the reason for this..
Is it due to Accountings Debit and Credit ?
Thank you!
Hi, as Bilal mentioned, this mainly depends on the various Posting Setup settings in the system.
For example,
General Posting Setup
Vat Posting Setup
In different customer posting settings, tax settings, item posting settings, it will be posted to different accounts and the number of postings may also be different. THese may result in multiple lines.
Hope this will help.
Thanks.
ZHU
Hi,
It depends upon the setup of VAT and discounts etc. NAV just like any modern accounting system use double entry accounting. So, at least there will be two entries. A debit and a credit.
Why three lines in case of Sales/Purchase: Take Sales example. In case of posting Sales Invoice one line is posted against Accounts Receivables account and its amount is sum of Sales and VAT and it is a Debit Entry.
Second Entry is posted against Sales Account with the Sales Amount Without VAT and its a Credit Entry. Third Entry is posted against VAT Account and it is also a Credit Entry.
Try to use a customer for which there is no VAT and then you will see only two G/L entries.
There can be more entries if we have setup discounts and their posting to accounts.
#1
André Arnaud de Cal...
291,359
Super User 2024 Season 2
#2
Martin Dráb
230,370
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (
