CREATING AND VIEWING PURCHASE INVOICES

 

 

Payments to Vendors are made through the Purchase Invoices area in Business Central. This article serves as a quick walkthrough on the steps to take.

 

 

 

In Business Central, choose Purchase Invoices from the Expenses menu option, or use the search tool.

 

 

You will be taken to a list of unposted purchase invoices and will have the option to start a new one or work on an old one. This document will demonstrate how to create from new.

 

 

Click +New. The new purchase invoice form will open.

 

 

 

Protip: Each field name has a descriptive tooltip! If you need help determining what should go in a field, hover over the field name and read the tooltip.

 

 

The purchase invoice form is comprised of three sections: General, detail lines, and Invoice Details.

 

General:

 

Vendor Name: Required field, choose an existing vendor. If the vendor does not yet exist, you must create it in akoyaGO CRM and convert it to a vendor.

Vendor Invoice No.: Required field, this is the number on the original document you received from the vendor.

Posting Date: date the transaction will be recorded

Posting Description: optional, a description of the invoice

Due Date: Date the invoice is due

 

Detail Lines:

(Description/Memo)

 

These lines will not unlock until the Vendor Name and Vendor Invoice No. contain data.

 

Add lines for the appropriate expense account (5XXX account). Let’s look at each column and what it should contain and where it will flow to.

 

 

Invoice Details:

 

Type: This will default to g/l account

No.: Required, choose the g/l account number

Description/Comment: Required, will autofill with the name of the chosen g/l account. The content of this field will be ignored in the general ledger expense lines in favor of the Posting Description field.

Posting Description: an alternative description, if this field contains data, it will flow to g/l entries (and to subsequent reports). If it does not contain data, the description/comment field will be used.

Memo: will flow to the akoyaGO memo field, commonly used on reports such as the Fund Statement.

Fund: choose the fund that will pay the invoice

Department: will autofill with the department assigned to the chosen fund

Function: choose the function as determined by the Functions entity in akoyaGO CRM

Amount Excl. Tax: amount of the invoice before taxes

 

You can close this purchase invoice and come back to it later, or if you are satisfied, you can post the purchase invoice.

 

 

Click on the Posting menu option and choose Post to post this purchase invoice to the G/L.

 

G/L Entries

 

Let’s take a look at how a posted purchase invoice looks in the g/l entries.

 

 

Two lines will be added to the general ledger, one for the expense account and one for the payable (typically a 2XXX) account.

 

Notice that the content in the Description column of the expense

(5030) line is what was input in the Posting Description column of the purchase invoice. And that the memo from the purchase invoice flowed to the Memo in the ledger.