Vendor Posting Group Setup

Vendor Posting Group In Navision

• FINANCIAL MANAGEMENT –> SETUP –> POSTING GROUPS –> VENDOR
• Fields in Vendor Posting Group

1. Payable Account–> Payables due to vendors.
2. Payable Account (Interim)
3. Service Chage Acc.–> Service charges due to vendors.
4. Payment Disc. Debit Acc.–> Reductions in payment discounts received from vendors.
5. Payment Disc. Credit Acc.–> Payment discounts received from vendors.
6. Debit Curr. Appln. Rndg. Acc.–> Rounding differences that occurs when applying entries in different currencies.
7. Credit Curr. Appln. Rndg. Acc.–> Rounding differences that occurs when applying entries in different currencies.
8. Debit Rounding Account–> Rounding diffrences from remaining amount.–> Remaining Amount is the amount remains to be applied and is shown in the original currency.
9. Payment Tolerance Debit acc.–> Purchase tolerance–> Must use together with Business Posting Group
10. Payment Tolereance Credit Acc.–> Purchase tolerance–> Must use together with Business Posting Group
11. Interest Account–> Interest transaction

To Assign the Vendor Posting Group to Vendor:

1. Open the Vendor Card (FINANCIAL MANAGEMENT –> PAYABLES –> VENDORS)and browse to the vendor on which you want to assign the Vendor Posting Group.
2. Click on Invoicing tab.
3. Select a Vendor Posting Group.