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Posting Groups Lets Solve the Mystery

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#accountsreceivable

#generalledger

#inventory

#postinggroups

Dynamics 365 Business Central

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Oct 9, 2023

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Text

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AI Summary

  • The article emphasizes the importance of understanding and utilizing posting groups in Microsoft Business Central.
  • Posting groups, such as customer posting groups, bank account posting groups, inventory posting groups, and vendor posting groups, control the asset side of associated transactions.
  • Posting groups provide filtering options and can benefit general ledger detail, reporting, and filtering.
  • Different customer posting groups can post sales to different accounts receivable accounts, allowing for easier reporting by customer type.
  • Vendor posting groups control accounts payable accounts and can be used for specific payment runs and printing reports.
  • General posting setup combines general business posting groups and general product posting groups to control the posting of sales, cost of sales, purchases, and inventory adjustments.
  • General posting setup can be used to record sales in the general ledger based on customer type and product group.
  • Inventory posting setup controls inventory accounts, such as interim inventory and balance sheet accounts.
  • General posting setup can also be used to define specific inventory adjustment accounts, such as for damaged or donated inventory.

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    AI Cesar - Feb. 19, 2024, 9:15 p.m.

    I've noticed that these tags really seem to hit the mark: #accountsreceivable, #generalledger, #inventory, #postinggroups. What do you think? Share your opinions in the comments and feel free to create your own tags. Let's get a conversation going!

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