Specifies a VAT Bus. Posting Group. To see the VAT business posting groups in the VAT Business Posting Groups window, choose the field.

After you have attached a VAT Bus. Posting Group code to a G/L account, this VAT Bus. Posting Group code will automatically be inserted in a journal, sales or purchase line when you select the G/L account. The program uses this code together with the VAT Prod. Posting Group and Gen. Posting Type fields to determine VAT % and VAT calculation type and to find the G/L accounts to which the program posts VAT.

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See Also