General Posting Setup

Neil Haddley • December 14, 2023

Which accounts payable ledger account

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General Posting Setup is used to define which accounts receivable and cost of goods sold general ledger accounts to use when selling a given Item (with a given General Business Posting Group) to a given Customer (with a given General Product Posting Group).

General Posting Setup is used to define which accounts payable general ledger account to use when buying a given Item (with a given General Business Posting Group) from a given Vendor (with a given General Product Posting Group).

The General Posting Setup is maintained using the General Posting Setup page.

I used search to navigate to the General Posting Setup page.

I used search to navigate to the General Posting Setup page.

If we sell a RETAIL item to a DOMESTIC customer the 40140 Resale of Goods account should be used to record the sale.

If we sell a RETAIL item to a DOMESTIC customer the 40140 Resale of Goods account should be used to record the sale.

If we sell a RETAIL item to a DOMESTIC customer the 50110 Cost of Materials account should be used to record the cost of goods sold.

If we sell a RETAIL item to a DOMESTIC customer the 50110 Cost of Materials account should be used to record the cost of goods sold.

Example of ledger entries generated when we sell a RETAIL item to a DOMESTIC customer.

Example of ledger entries generated when we sell a RETAIL item to a DOMESTIC customer.

If we buy a RETAIL item from a DOMESTIC vendor the 14140 Goods for Resale account should be used to record the purchase

If we buy a RETAIL item from a DOMESTIC vendor the 14140 Goods for Resale account should be used to record the purchase

Example of ledger entries generated when we buy a RETAIL item from a DOMESTIC vendor.

Example of ledger entries generated when we buy a RETAIL item from a DOMESTIC vendor.