In order to set up the General Posting Setup, users need to set up the General Business Posting Group & General Product Posting Group before that.
General Business Posting Group is used as a combination with General Product Posting Group used to determine the G/L account with the entries should be posted to for Sales, Purchase and Inventory Transaction.
...
- 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.
Follow below steps to create Gen. Bus Posting Group:
1, Search "Gen. Bus Posting Group"
2, Click "New" & enter the related information:
(1) Code
(2) Description of the Code
(3) Def. GST Bus. Posting Group that will be automatically inserted if choosing the code in Customer / Vendor Card
(4) Check the box to automatically insert the GST Bus. Posting Group if filled the Code in the Customer / Vendor Card
Follow below steps to create Gen. Prod Posting Group:
...
- .
...
2, Click "New" & enter the related information:
(1) Code
(2) Description of the Code
(3) Def. GST Prod. Posting Group that will be automatically inserted if choosing the code in the Item Card
(4) Check the box to automatically insert the GST Prod. Posting Group if filled the Code in the Item Card
...
Follow below steps for the General Posting Setup:
1, Search "General Posting Setup"
...