Creation of Customer Posting Group in Microsoft Dynamics Nav Business Central

Dear Friends,

In this tutorial, we will learn how to create a customer posting group and which G/L account to associate with the posting group. 

The customer posting posting group determines which G/L Account will post the transaction involving the customer. The customer posting group specifies the G/L Account for customer receivable, service charge, payment discount amount, interest, additional fees and invoice rounding amount.

Step 1:

To create a customer posting group, go on the following menu:

Main Menu --> Department --> Financial Management --> Setup --> Customer posting group.

Step 2:

Click on the button New and filled all the required information.

Code	Enter a code for the customer posting group
Description	Enter a description
Receivable Account	Enter the receivable G/L account
Service Charge Account	Enter the service charge G/L account
Debit Rounding Account	Enter the rounding G/L account when doing a debit
Credit Rounding Account	Enter the rounding G/L account when doing a credit
Debit Curr. Appln. Rndg. Account	Enter the G/L Account to post rounding debit differences when applying different currencies
Credit Curr. Appln. Rndg. Account	Enter the G/L Account to post rounding credit differences when applying different currencies

Click on on OK to close.