Gen. Posting Type Field, G/L Account Table
Specifies the general posting type that to use when posting to this account. The code defines whether the account will be used only in connection with sales or purchase transactions or with both kinds of transactions.
The program uses the Gen. Posting Type field, together with the VAT Bus. Posting Group and VAT Prod. Posting Group fields, to find the account to which the program posts VAT.
The Gen. Posting Type field should be filled in only for revenue and expense accounts where VAT is involved. For other accounts, select Blank.
To see the general posting types that are available, choose the field.
<Blank> |
Select this option for accounts used with transactions that do not involve VAT calculation. |
Purchase |
Select this option if the account will be used with purchase transactions. The program uses the information to calculate the correct purchase VAT and post it to the account for purchase VAT. |
Sale |
Select this option if the account will be used with sales transactions. The program uses the information to calculate the correct sales VAT and post it to the account for sales VAT. |
If you do not enter anything, the Gen. Posting Type will be Blank.
When you post entries to this account, the program will automatically generate entries in the VAT Entry table unless the Gen. Posting Type field is Blank.
Tip
For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.
Parent Tables
| Table | Location |
|---|---|
| G/L Account Table | General Ledger |
| G/L Account Table | General Ledger |