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.

I noted that when selling a RETAIL item to a DOMESTIC customer, the 40140 Resale of Goods account is used to record the sale.

I noted that when selling a RETAIL item to a DOMESTIC customer, the 40140 Resale of Goods account is used to record the sale.

I noted that when selling a RETAIL item to a DOMESTIC customer, the 50110 Cost of Materials account is used to record the cost of goods sold.

I noted that when selling a RETAIL item to a DOMESTIC customer, the 50110 Cost of Materials account is used to record the cost of goods sold.

I reviewed the ledger entries generated when selling a RETAIL item to a DOMESTIC customer.

I reviewed the ledger entries generated when selling a RETAIL item to a DOMESTIC customer.

I noted that when buying a RETAIL item from a DOMESTIC vendor, the 14140 Goods for Resale account is used to record the purchase.

I noted that when buying a RETAIL item from a DOMESTIC vendor, the 14140 Goods for Resale account is used to record the purchase.

I reviewed the ledger entries generated when buying a RETAIL item from a DOMESTIC vendor.

I reviewed the ledger entries generated when buying a RETAIL item from a DOMESTIC vendor.