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Hi ,
Could I please understand the difference between Gen. Bus. Posting Group & Vendor Posting Group - when creating Vendor master.
Hi,
They are both primarily used to default GL codes when entering transactions.
The "Vendor Posting Group" is used for the "Payables Account" among others shown below
The "Gen Bus. Posting Group" is used in combination with the "Gen. Prod Posting Group" in the "General Posting Setup" to define GL defaults. i.e.
So if an item had a "Gen. Prod Posting Group" of RETAIL and the customer had a "Gen. Bus. Posting Group" of DOMESTIC the sale code that would be posted to would be 10200.
I did this clip on youtube to explain in more detail https://www.youtube.com/watch?v=OJa4yt57kuk
And also this blog however this compares Business Central and Dynamics GP http://thedynamicsexplorer.com/2019/05/09/dynamics-nav-business-central-postings-group/
I hope this helps
Thanks
Gavin
Thank you very much Gavin. This answered my question.
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