General Product Posting Group in Chart of Accounts?

mspellman

What is the function of assigning the General Product Posting Group to a G/L account in the Chart of Accounts. I understand how the General Posting Setup works, but I don't understand the need for this field in the Chart of Accounts.

Thanks for any input,
Mike

ecclectic

in the same line, what is the purpose of the business posting group on the chart of accounts?

johnson_alonso

What is the function of assigning the General Product Posting Group to a G/L account in the Chart of Accounts

for example, your GPPG (General product posting group) is sales. you can see it appear when you use the G/L acc. no. directly using general, cash receipt or payment journal, although you must check direct posting in the G/L acc. no.. By assigning the GPPG to the G/L acc. no., it will be restricted your G/L acc. no. only for sales or purchase. you can drill down to see the G/L entries and see the posting time only purchase recorded there if you select purchase.


Rgds,
Johnson