Invoice Journal Types
Dynamics 365 Finance supports several methods of managing incoming invoices to cater to different company procedures. The system has a different invoice journal depending on the company’s needs. The following types of invoices are available.
- Invoice register and approval
- Invoice journal
- Supplier invoices
Invoice Register Journal
The purpose of the invoice register journal is to pre-register invoices when they arrive at the company and transfer them to an invoice pool for approval. An employee then registers invoice information before validating and posting the journal to the accounts specified in the posting profile. When posting the journal lines, you transfer them to an invoice pool. In an invoice approval journal, you can transfer them from the invoice pool into the invoice approval journal.
Invoice Approval Journal
After you post the lines of the invoice register, the postings display in the invoice pool. The invoice pool displays relevant information about the invoices awaiting approval.
You can enter invoices directly into the invoice journal. By default, the user who is logged in and who enters the journal lines approves the invoices.
The invoice journal is designed for users to enter the invoices they receive from suppliers that are not related to purchase orders. These would typically be for expensed, non-stocked goods. As soon as the user enters the incoming invoices, the user can post.
Please find below the relevant PCF ID’s.
Level 1 Category: 17058
Level 2 Process Group: 10733
Level 3 Process: 10756