Sales Invoice

Neil HaddleyDecember 14, 2023

How the Inventory, Sale, Tax and Receivables accounts are determined

Business Centralsales-invoiceinventoryaccounts-receivablebusiness-central

I traced how Business Central determines the Inventory, Sale, Tax, and Receivables accounts for a Sales Invoice, using the Inventory Posting Group, General Product Posting Group, General Business Posting Group, General Posting Setup, Tax Setup, and Customer Posting Group.

I sold a RETAIL RESALE item to a DOMESTIC customer.

I sold a RETAIL RESALE item to a DOMESTIC customer.

I reviewed the entries generated from the Sales Invoice Document

I reviewed the entries generated from the Sales Invoice Document

The Item we are selling is a "RESALE" item. I clicked the Show details link.

The Item we are selling is a "RESALE" item. I clicked the Show details link.

RESALE is an Inventory Posting Group. I clicked on the Setup button.

RESALE is an Inventory Posting Group. I clicked on the Setup button.

When selling a RESALE item, the system uses account 14130 Finished Goods as the Inventory Account.

When selling a RESALE item, the system uses account 14130 Finished Goods as the Inventory Account.

The item I sold is a "RETAIL" item.

The item I sold is a "RETAIL" item.

The customer I sold to was a "DOMESTIC" customer.

The customer I sold to was a "DOMESTIC" customer.

When selling a RETAIL item to a DOMESTIC customer, the system uses the 41040 Resale of Goods account to record the sale

When selling a RETAIL item to a DOMESTIC customer, the system uses the 41040 Resale of Goods account to record the sale

When selling a RETAIL item to a DOMESTIC customer, the system uses the 50110 Cost of Materials account to record the cost of goods sold.

When selling a RETAIL item to a DOMESTIC customer, the system uses the 50110 Cost of Materials account to record the cost of goods sold.

I used search to navigate to the Tax Setup page

I used search to navigate to the Tax Setup page

When selling any item to any customer, the system uses the 23200 Taxes Liable account to record City, County, and State tax.

When selling any item to any customer, the system uses the 23200 Taxes Liable account to record City, County, and State tax.

The Customer is a "DOMESTIC" customer. I clicked the show details link

The Customer is a "DOMESTIC" customer. I clicked the show details link

When selling to a DOMESTIC customer, the system uses 15110 Accounts Receivable, Domestic as the Receivables Account

When selling to a DOMESTIC customer, the system uses 15110 Accounts Receivable, Domestic as the Receivables Account