Different G/L Accounts for Payables and Receivables Transactions
I was previously a Dynamics GP consultant and you were always able to change GL accounts on the fly with transactions, but when I switched to being a Business Central consultant I had to learn a lot with posting groups. Business Central’s functionality is all driven with posting groups and that is where you setup your GL accounts. Now with 2022 Wave 1 you will be able to use alternate GL accounts and here is a description of the feature.
Business value
Sometimes businesses want to post payable and receivable transactions to a different G/L account than the one that is specified on the customer or vendor posting group—for example, in a case where a transaction is for a bad debt. Controllers can define policies for posting these non-standard transactions, and accountants can change them during posting.
Feature details
You can enable alterations of default customer or vendor posting groups by choosing Allow Alteration of Posting Group on the Sales and Receivable Setup and Service Mgt. Setup pages for customer posting group changes, and the Purchases and Payables Setup page for vendor posting group changes.
On the Customer Posting Groups or Vendor Posting Groups pages, you can specify the posting groups to allow as substitutes by choosing Substitutions. Substitute posting groups can replace the default customer or vendor posting group specified for a customer or vendor.
After you set this up, you can pick among allowed substitute posting groups and change customer or vendor posting group when posting sales or purchase documents and journals. Changed, non-default, customer or vendor posting groups are copied to posted documents and journals, and payable or receivable G/L entries are posted to the G/L accounts specified for the substitutes.
More great features to follow!