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GENERAL PROD POSTING GROUP

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Posted on by RUNNEUSEGES

Hello

Could you tell me, what is the purpose of General prod posting type, and general posting type, in setup

Thanks

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Dynamics 365 Business Central

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Community Member on at

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Hi,

Can you tell me what app are you using?

Leah Ju

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RUNNEUSEGES 35 on at

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Hi

I use business central 365

Best regards

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Kavisha 310 on at

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ON the G/L account card, If there is any direct expense account, example Electricity , Telephone , fees, etc where GST /VAT is required to be calculated on the amount of the expense, The General posting type is required to be "Purchase" and the general prod posting group is required as a part of setup to call the GST/VAT prod posting group.

Similarly Revenue accounts need General posting type as "Sale"

These fields help in reporting specially GST statement reports.

A combination of Gen. Bus posting group and Gen. prod posting group is required on the general posting setup.

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RUNNEUSEGES 35 on at

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thanks

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Hello,

The General Product Posting Group, in plain terms, defines Item and Resource in the database.

General Business Posting Groups and General Product Posting Groups work together to define the Income Statement Accounts to be used when posting Sales and Purchase transactions.

Sales Account

Sales Line Discount Account

Sales Invoice Discount Account

Sales Payment Discount Account

Purchase Account

Purchase Line Discount Account

Purchase Invoice Discount Account

Purchase Payment Discount Account

COGS Account

Inventory Adjustment Account

Sales Credit Memo Account

Purchase Credit Memo Account

Inventory Adjustment Account (Interim) – used with Expected Cost Posting “ON”

COGS Account (Interim) – used with Expected Cost Posting “ON”

Direct Cost Applied Account – used with Manufacturing only

Overhead Applied Account – used with Manufacturing only

Purchase Variance Account

The General Ledger Account setup for all of the possible combinations of General Business Posting Groups and General Product Posting Groups is in the General Posting Setup table. Each time a sales or purchase transaction is posted, the system will capture the General Business Posting Group to which the Customer or Vendor is assigned and the General Product Posting Group to which the Item or Resource belongs. Once the system has defined this Posting Group combination, it refers to the General Posting Setup table to determine the General Ledger Accounts to which the transaction should be posted.

Hope this helps.

Thanks,

Steve

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