Consolidate customer and vendor balances
This feature has been added recently in MS Dynamics Business Central. It allows to consolidate customer and vendor balances for scenarios where you do business with might be both a customer and a vendor.
This feature has introduced following new functionalities,
- ‘Balance as a vendor’ field on the customer card ‘Balance as a customer’ field on the vendor card
- Net customer/vendor balances function in the payment journal
A customer or a vendor can be created via a contact in Business Central. This link is a prerequisite for seeing the Balance as Vendor field on the Customer page and the Balance as Customer field on the Vendor page
The Customer Card page offers the Balance as Vendor field, and the Vendor Card page includes the Balance as Customer field for companies that were created or linked to the same contact company.
The Net Customer/Vendor Balances action creates payment journal lines to which the net balances for a customer and vendor are linked.
