Setting Up VAT Business Posting Groups

Before setting up VAT business posting groups, you must decide how many different groups you need. This depends on a number of factors, including local legislation and whether you trade both domestically and internationally.

To Set Up VAT Business Posting Groups:

  1. Open the VAT Business Posting Groups window.

  2. In the Code field, enter a code to identify the group.

  3. In the Description field, enter a brief description of the group.

Repeat this procedure for each VAT business posting group you need to set up.

Related Topics

Setting Up VAT Product Posting Groups

Assigning VAT Business Posting Groups to Customer and Vendor Accounts

Assigning VAT Business Posting Groups to G/L Accounts

Assigning VAT Business Posting Groups to Item and Resource Accounts

Entering Combinations of VAT Business Posting Groups and VAT Product Posting Groups