Sales Invoice
Neil Haddley • December 14, 2023
How the Inventory, Sale, Tax and Receivables accounts are determined
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 reviewed the entries generated from the Sales Invoice Document
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.
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 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 50110 Cost of Materials account to record the cost of goods sold.
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.
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