• TOR
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  • From: Pakistan
  • Registered: 01/07/2013
  • Posts: 44

Topic: Supplier purchase account doesnt show as default GL account in Invoice

I am using 8-Digit GAAP COA.

Supplier M-100 is set up as follows:

Accounts Payable Default GL A/c - 21010001 Accounts Payable
Purchase Account Default GL A/c - Use Item/Inventory/COGS Account

But when I process supplier invoice through Purchase>> Supplier Invoice, it gives the default GL Account as 11014001 which is Cash Restricted To Current Bond Maturity.

Should it not show 50090001 - Cost of Goods & Services Sold (Perpetual)??

Cheers!
TOR

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: Supplier purchase account doesnt show as default GL account in Invoice

Go into Setup, GL System Setup and select all your default accounts and UPDATE the company.

Also check the Item Category defaults and lastly the default Items account as the suppliers default accounts.

Now it should work for future invoices.

joe

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,160

Re: Supplier purchase account doesnt show as default GL account in Invoice

Where did you get the 8 Digit GAAP Chart from?

Compare your chart sql template with the (FA 2.4.2+) one in my GitHub repo.

You will find that none of the official repo charts have the account number 50090001 (in both FA 2.3.x and FA 2.4.x) and that the default COGS A/c is 42090001 and is listed there as the default one in the sys_prefs table too.

apmuthu's Website

  • TOR
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  • From: Pakistan
  • Registered: 01/07/2013
  • Posts: 44

Re: Supplier purchase account doesnt show as default GL account in Invoice

Thank you Joe. Worked like a flash!

Please guide me where I may get some tutorials to set up such default GL Accounts ie., Supplier Default Accounts, Item Categories Default Accounts.

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,160

Re: Supplier purchase account doesnt show as default GL account in Invoice

https://frontaccounting.com/fawiki/index.php?n=Help.SystemAndGeneralGLSetup
https://frontaccounting.com/fawiki/index.php?n=Help.Items

apmuthu's Website