Setting Up Default VAT Business Posting Groups

You set up default VAT business posting groups by linking them to general business posting groups. Then the program automatically inserts the relevant code as the VAT business posting group when you assign the relevant business posting group to a customer, vendor or G/L account. Before you can do this, you must set up VAT business posting groups.

To Set Up Default VAT Business Posting Groups:

  1. Open the Gen. Business Posting Groups window.

  2. Click the AssistButton in the Def. VAT Bus. Posting Group field to see the list of available groups. Select the relevant code, and then click OK to copy it to the field.

  3. Click the Auto Insert Default field to enter a check mark.

If it is not relevant or you do not want to use this feature for either individual or all general business posting group codes, leave the two fields blank. Then you must assign VAT business posting groups manually to customers, vendors and G/L accounts.

Related Topics

Assigning VAT Business Posting Groups to Item and Resource Accounts

Setting Up Default VAT Product Posting Groups