Question:
How to link a Receivable or Payable Account with the Party (Customer / Supplier)?
Answer:
In BizCentric, the accounts designated for tracking Receivables (Debtors) and Payables (Creditors) are automatically generated within the Chart of Accounts master. These accounts are also pre-configured as the default Receivable and Payable Accounts within the Company master. If you opt to utilize these default Accounts, there’s no need to specify them for each Party individually.
However, if you’ve created multiple Receivable and Payable Accounts in the Chart of Accounts, you can link a specific account with a particular party from the Customer or Supplier master. In this master, navigate to the “Accounting Section” to make the association.