Creation of Vendor Posting Group on Microsoft Dynamics Nav Business Central

Dear Friends,

Today we will learn how to create vendor posting group. This setup shows which G/L account will post the transaction involving the vendor. This posting group defines account for payable, service charge, payment discount account, interest, additional fees and invoice rounding amount.

Step 1:

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

Main Menu --> Department --> Financial Management --> Setup --> Vendor Posting Group

Step 2: 

Click on OK and fill all the necessary information.

Code	Enter a code for the vendor posting group
Description	Enter a description
Payable Account	Enter the payable 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 crebit
Debit Curr. Appln. Rndg. Account	Enter the G/L Account to post rounding differences when applying different currencies
Credit Curr. Appln. Rndg. Account	Enter the G/L Account to post rounding differences when applying different currencies

Click on OK to close