Page Comparison

The Purchase Account represents the GL Account that is assigned for the "Purchases" Account Type, on the Accounts tab of the Vendor Record View and Vendor Class Record View. The Purchase Account identifies the Expense Account that payable transactions post to. If assigned to a Vendor, this will default as the Purchase GL Account for new line items on AP Invoices, AP Credit Memos, and Purchase Ordersa line item will post to. For an AP Invoice line, this is the Debited account and for an AP Credit Memo line, this is the Credit account. The offsetting GL Account is always the GL Account that is assigned as the "Accounts Payable" Account Type on the Vendor Master File.