Assigning VAT Business Posting Groups to G/L Accounts

You can set up a default VAT business posting group code for each general business posting group code and have the program insert the VAT business posting group code along with the general business posting group code. If you decide not to do this, then you must assign codes to the relevant G/L accounts.

To Assign VAT Business Posting Groups to G/L Accounts:

  1. Open the Chart of Accounts window.

  2. In the Gen. Posting Type field, click the AssistButton , and then select the appropriate option (Purchase or Sale).

  3. In the VAT Bus. Posting Group field, click the AssistButton to see the VAT Business Posting Groups window. Select the line with the desired posting group, and then click OK to copy the code to the field.

  4. In the VAT Prod. Posting Group field, click the AssistButton to see the VAT Product Posting Groups window. Select the line with the desired posting group, and then click OK to copy the code to the field.

Related Topics

Assigning VAT Business Posting Groups to Customer and Vendor Accounts

Assigning VAT Business Posting Groups to Item and Resource Accounts