Specifies the code for the vendor posting group to use when you post the purchase header.
The program automatically retrieves the code from the Vendor card when you fill in the Pay-to Vendor No. field.
The posting group specifies to which payables account in the general ledger the program will post transactions with this vendor, and it defines accounts for service charges, payment discount amounts and invoice rounding amounts.
Information on VAT % and the accounts (for VAT, sales purchases and so on) to which the program posts for transactions involving different customers, vendors and items is specified in the General Posting Setup table.
If you want your VAT system to be consistent, the general posting type must be specified correctly on the G/L accounts.
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