Specifies the vendor’s VAT specification to link transactions made for this vendor with the appropriate general ledger account according to the VAT posting setup.
The program automatically retrieves the code from the Vendor table when you fill in the Pay-to Vendor No. field.
The code specifies to which VAT business posting group this particular vendor belongs. When you post transactions that involve this vendor, the program looks for the VAT business code, in combination with the VAT product posting group code, in the VAT Posting Setup, where the VAT %, VAT calculation type and the G/L accounts for posting VAT are specified.
To see the VAT business posting groups in the VAT Business Posting Group table, click the field.
Normally, you should not change the contents of this field but it may be necessary in special cases where the default code is not appropriate.
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