You can configure for each supplier or creditor and available accounting schema, the ledger accounts to be used in:
- the Vendor Liability transactions such as purchase invoices posting.
To learn more visit Purchase Invoice
- the Vendor Prepayment transactions such as those cases when the supplier of the goods requires the company to pay in advance part or full amount of the debt.
To learn more visit Vendor Prepayments
At first, these accounts are inherited from the Defaults accounts of the Accounting Schema assigned to the Organization for which the business partner is being created. The end-user can always change them.
Besides, it is important to remark that it is possible to configure the creation of new correlative accounts for the business partners being created as described in the Org Schema tab of the Organization window.