List of Fields in the Table
You create links between each bank account and the general ledger by using posting groups. Posting groups specify the general ledger accounts to which bank account entries are posted.
After setting up posting groups, you can assign a posting group code to each bank account that you set up on the Bank Account card.
Now when you post purchase invoices, payments or credit memos involving a bank account, the program will register the information in the general ledger according to the posting group code.
For foreign currency bank accounts, the amount of the entry is posted to the general ledger account in the equivalent LCY value.