Vendor Posting Group Field

The Vendor Table

Here you can select a code for the vendor posting group to which the vendor will belong. To see the vendor posting group codes in the Vendor Posting Group table, click the AssistButton in the field.

The vendor posting group specifies to which accounts in the general ledger the program will post for transactions involving this vendor. This posting group defines accounts for payables, service charges, payment discount amounts and invoice rounding amounts.

Attention

The account for payment discounts is used only if there is no check mark in the field Adjust for Payment Disc. in the General Ledger Setup table.

Information on VAT % and the accounts (for VAT, sales, purchases and so on) to which the program posts for transactions involving different customers, vendors and items is specified in the VAT Posting Setup window.