For Managing the information of Vendor Posting Group on Hierarchy level, the following steps can be considered:
Solution 1:
Step 1: G/L Accounts:
Created and Indent Begin Total, End Total, and Posting G/L Accounts related to the Utilities, in Chart of Accounts. Also create related Payable G/L Accounts.
Step 2: Vendor Posting Groups:
Create and Setup related Vendor Posting Groups. Such as;
- Electricity
- Water
Step 3: Assign the Vendor Posting Groups on Vendor Card:
Assign the vendor posting groups to the related vendors, to be able to see the allocation of amounts in Chart of Accounts, for Utilities Expenses in a hierarchical order.
Solution 2:
Step 1: Vendor Posting Group Setup:
The Vendor Posting Group will be setup as Utility, for reflecting the impact of transactions in their related G/L Accounts:
Step 2: Vendor Card Page:
The Vendor Posting Group will be selected as Utility in related vendors.
Step 3: New Utility Dimension:
Utility dimension needed to be created on Dimensions page.
Step 4: Dimension Values:
- Select Dimension Values from the Dimension menu.
- Create different types of utilities as Dimension Values.
Step 5: Setup Utilities as Global Dimension:
- Update and select the Utility Dimension as your Global Dimension so, the user will be able select the dimension value while posting the transactions.
I hope it will resolve all the concerns.
Thanks.