Gen. Bus. Posting Group Field, Vendor Table
Specify the vendor’s trade type to link transactions made for this vendor with the appropriate general ledger account according to the general posting setup.
The code specifies to which general business posting group this particular vendor belongs. The general business posting groups can be set up to group vendors by geographical area (Domestic, EU countries/regions, Overseas, and so on), type of business, or to distinguish between private entities and governmental agencies.
When you post transactions that involve this vendor, the program uses this code in combination with a general product posting group code in the General Posting Setup table. The General Posting Setup specifies the accounts (for purchases, discount amounts and so on) to which the program posts.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Cr. Memo Amounts Field, Vendor Table | Purchases and Payables |
| Vendor Table | Purchases and Payables |