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- The income statement posting according to the G/L account entered in the purchase line
- The accounts payable posting (balance sheet) is determined by the vendor posting group.
Step by Step guide for create the Gen. Business Posting Group
Go to General Business Posting Group
Enter the Code and Description
Click on Setup action to create the general posting setup for the combination of new General Business Posting Group and Existing General Product Posting Gorup
4. General Posting Setup page for the Gen. Business Posting Group prompted
Go to Sales Account, Sales Credit Memo Account, Purch. Account, Purchase Credit Memo Account, COGS Account, Inventory Adjustment Account and Direct Cost Applied Account to select appropriate G/L account
5. Go to related Customer Card / Vendor Card to fill up the appropriate Gen. Business Posting Group
Step by Step guide for create the Gen. Product Posting Group
Go to General Product Posting Group
Enter the Code and Description
Click on Setup action to create the generate posting setup for the combination of new General Product Posting Group and existing General Business Posting Group
Go To related Item Card to fill up the appropriate Gen. Prod. Posting Group
- Go To related G/L Account Card to fill up the appropriate Gen. Prod. Posting Group (Note. only for the G/L account it will enter in Purchase Line or Sales Line)
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