Purchase Invoice - Account Type Error

Purchase Invoice - Account Type Error

Question: I receive a validation message upon saving the Purchase Invoice stating that the Credit To Account must be a Balance Sheet account.

*Answer: * Upon submission of a Purchase Invoice, payable to the Supplier is updated. According to accounting principles, the Payable Account is classified under Current Liability (credit side of Balance Sheet).

The error message indicates that the Account chosen for the Credit To field is not a member of the Liability Group. Please verify that the Payable Account selected on the Purchase Invoice falls under the Liability group.