This table contains information about the general groupings of items in your inventory.
In this table, you can group items in your inventory in order to link G/L accounts to groups rather than to specific items. When you have grouped your items, you can link a code and information about the inventory accounts to combinations of inventory posting groups and locations and from there to each item.
This means that you can enter an inventory posting group code in the Inventory Posting Group field on each item card, and information about posting will automatically follow.
The inventory posting groups also allow you to group items for statistical purposes. Reports, such as the Inventory Valuation, and batch jobs, such as the Post Inventory Cost to G/L, use inventory posting groups to list the results.