General Posting Type

Saritha

Hi All

Can anyone explain me the significance of General Posting Type and is it required when i use a G/L Account No directly in an Invoice

Thanks in advance

Regards

Saritha

vinoth

The general posting type is only for purchase and sales. That will be used when you post the entry on journal. And also used to calculate the VAT for both sales and purchase.
So it is not required in Invoice..

Worm Regards,

Vinoth

vijayanderson

Posting Groups is actually a link between the GL and Ledger.. when you post any details the correponding value gets updated in the COA based on setup in Posting grroup