MS Navision – Specific Posting Groups
Purpose is to identify primary Balance Sheet Account for each Ledger.
Specific posting groups are assigned to:
- Customers;
- Vendors;
- Items;
- Bank Accounts;
- Fixed Assets.
The Posting Groups create direct link to Balance Sheet for each Master Item.
Customer Posting Group – This posting group maps the accounts receivable account, payment discount accounts, invoice and application rounding accounts, interest and fee accounts relating to customers.
Vendor Posting Group – This posting group maps the accounts payable account, payment discount accounts, invoice and application rounding accounts, interest and fee accounts relating to vendors.
Fixed Asset Posting Group – This posting group specifies the accounts to which the program posts transactions involving fixed assets.
Bank Account Posting Groups – This posting group maps a bank G/L account to a bank account in the program.
Inventory Posting Group/Inventory Posting Setup – This posting group specifies the inventory. Each Inventory Posting Group is combined with each appropriate Location Code in the Inventory Posting Setup window. For each combination you can map the inventory accounts, WIP account, and other variance accounts relating to inventory in the Chart of Accounts.
Hello fellow kaizenlog.com Visitor, if you like this page, don't forget to vote for it !
Welcome to Kaizenlog.com If you're new here, you may want to subscribe to my RSS feed , Twitter You can contact us by using the contact form or submitting a comment. You can also share this post with your friends by clicking on the 'ShareThis' button above. Thanks for visiting!
Print This Post
Entries (RSS)