Back

The Posting Groups used on Items

The Posting Groups
Video 8/12
Close
  • Helpful
  • Not helpful
  • Needs update
  • Technical error
An intermediate video requires some previous experience with Business Central, but it is still easily accessible to most people. Intermediate A "configuration"-video is about how you configure your solution and get it ready for use. Typically, these videos are quite advanced. Configurations In the "overview"-videos we draw the big picture to provide you with an understanding of how the solution is structured. Overview
Open Playlist
Presenter: Sune Lohse, Chief Strategy Officer

How to use posting groups on items in Business Central?

In Business Central, you define different posting groups on the item card. I will just run through those to explain what they’re doing.

This is what happens in the video

So, on the cost and posting tab, you define the general product posting group, VAT product posting group and the inventory posting group for an item.

Let’s see what they are actually doing.

First of all, the general product posting group, VAT product posting group and inventory posting group is added to each item to define the posting into the chart of accounts.

The posting goes from the item to the documents, or the journals if you’re posting in journals, and the document goes through journals, of course, and it could be changed the posting groups on the documents and in the journals, in most cases.

Then, when you post, the general product posting groups will apply to the general posting setup.

And along with the general business posting group coming from the customer or vendor, it determines which cost account or revenue account and prepayment account, it goes into in the chart of accounts.

The VAT product posting group applies to the VAT posting setup, and it determines where to post the item VAT into the purchase and sales VAT account etc.

So it’s all into the balances.

Finally, the inventory posting group that applies to the item determines in the inventory posting setup, along with the Location Code coming from the document or journals, which inventory accounts to apply to all variants account in the income statement.

So, this is how the posting group on the item count applies to business central postings.