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Vat Posting Groups in Chart of Accounts

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Posted on by Emma Dolphin

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Can someone explain to me the logic of VAT posting (Business and Product) in the Chart of Accounts. My system has been set up using USA developers and I wonder if they have done it correctly as I don't understand the logic. I cannot post a purchase invoice/order to any ledger account if I have not set up the VAT business and posting groups in that ledger account. Surely you can have more than one type of VAT business and product posting categories in the same chart of accounts?

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TeddyH 12,868 Super User 2024 Season 1 on at

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RE: Vat Posting Groups in Chart of Accounts

The VAT posting in your chart of account determines the VAT Account that going to be posted when you use that chart of account in Sales or Purchase Order. Without that, NAV doesn't understand which VAT account to post.
ManishS 6,578 on at

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RE: Vat Posting Groups in Chart of Accounts

Is there any setup created related to VAT postings.

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