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The Bank Account Posting Groups is used for payables, receivables, interest and charges

The Posting Setup
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An intermediate video requires some previous experience with Business Central, but it is still easily accessible to most people. Intermediate In the "overview"-videos we draw the big picture to provide you with an understanding of how the solution is structured. Overview
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Presenter: Sune Lohse, Chief Strategy Officer

How to use bank account posting groups for payables, receivables, interest and charge in Business Central?

The bank account posting group is used to determine which accounts to post to, when you use your bank accounts in journals, let’s see how that works.

This is what happens in the video

On your bank account posting group, which is a record you set up in Business Central, you just add the name and the the bank accounts and then you can add those to your bank accounts, you set up, and the bank accounts are used in bank journals, payment journals or receivable journals, to do your payments and receivables.

This means when you do posting, the bank account determines, which posting group in your balance and your different bank accounts that should be applied or posted to, on the bank accounts.