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You can assign posting groups directly to G/L accounts in your chart of accounts in Business Central. This lets you post in journals on specific accounts and still use the same posting setup that applies when you post documents.
You add four posting groups to an account: general business posting group, general product posting group, VAT business posting group, and VAT product posting group.
When you post a journal line on the account, the general business and general product posting groups look up the general posting setup to determine which account the entry posts into. The VAT business and VAT product posting groups use the VAT posting setup to determine where the VAT lands in the balance.
Posting groups on the chart of accounts in Business Central
It is possible to add posting groups directly to your chart of accounts. This is useful when you want to post in journals directly rather than through documents.
If you look at the right side of the chart of accounts, you will find columns for the general business posting group, the general product posting group, and the VAT business and VAT product posting groups. These can be added on the accounts directly in the chart of accounts.
How the four posting groups work when posting in journals
When you assign these four posting groups to an account and then post in journals directly on that specific account, the system uses them to determine where entries land.
- The general product posting group and general business posting group are used in the general posting setup to determine which account to post into.
- The VAT product posting group and VAT business posting group are used in the VAT posting setup to determine where the VAT goes into the balance.
This way, you can post in journals with the same posting setup as if you were posting on documents directly. The setup behaves consistently whether the transaction originates from a journal or a document.
Q&A
Can you add posting groups directly to the chart of accounts in Business Central?
Yes. You can add the general business posting group, general product posting group, VAT business posting group, and VAT product posting group directly on the accounts in your chart of accounts.
Why would you assign posting groups to a G/L account?
You assign posting groups to a G/L account when you want to post in journals directly on specific accounts rather than through documents. This gives you the same posting setup in journals as you get when posting documents.
Which posting setup do the general posting groups use?
The general business posting group and general product posting group are used in the general posting setup to determine which account the entry posts into.
Which posting setup do the VAT posting groups use?
The VAT business posting group and VAT product posting group are used in the VAT posting setup to determine where the VAT goes into the balance.
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