Procurement documents have intricate accounting consequences. The order of set-up is thus quite important in order to avoid incorrect posting or misallocations in the accounting ledgers. The major accounting elements affecting Procurement accounting are Payables, Inventory, Variances, and Charges. The main rule in terms of Compiere accounting is that individual set-ups override Product Category or Business Partner Grouping set-ups, and where there are no grouping set-ups it refers to the default accounts:
Default accounts: The
Accounting Schemadetermines the default accounts used. When generating new categories or performing accounting set-up, the default accounts are referenced from the accounting schema.Payables accounts: Payables accounts are initially set up through the Business Partner Groups. Business Partner Groups determine the default payables accounting, and individual vendor accounting can be set up through individual business partner accounting...